Delhi HC pauses Unity SFB capital raise amid BharatPe dilution dispute
The Delhi High Court has restrained Unity Small Finance Bank from proceeding with a proposed ₹900 crore increase in authorised share capital, following BharatPe’s objection that warrant conversion could dilute its stake without shareholder approval. The dispute now moves to arbitration.
Delhi High Court restrained Unity SFB from advancing a Rs 900 crore authorised-capital increase opposed by BharatPe, which says warrant conversion into CCPS would dilute its stake without shareholder approval. The dispute will proceed to arbitration.
Why this matters
The court dispute adds a governance dimension to BharatPe's recent operating focus, following its August 2023 POS expansion plan and April 2024 CEO appointment aimed at sustained profitability.
Retail-company signals are accelerating, up 388000% QoQ.
Also reported by
- Entrackr — Same time