tions, is required to go public after two more years. The Reserve Bank of India's norms require small finance banks to get listed after five years of operations.
The second person cited above said that Unity SFB is likely to be valued at more than $800-900 million. "Most small finance banks are trading at 1-1.5 times their books and, hence, that's a safe ballpark to begin with," the second person said.
Meanwhile, a banker who spoke on condition of anonymity told Mint that the NBFC is finding it difficult to find buyers for the stake sale.
Emailed queries to Rothschild & Co, BharatPe and Unity SFB did not elicit any response.
BharatPe, too, is preparing for an IPO (initial public offering).
In an interview to Mint on 4 August 2022, BharatPe's chairman Rajnish Kumar had confirmed its plans for an initial public offer over the next two years.
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