Fintech major BharatPe and Centrum Financial Services, the joint shareholders of Unity Small Finance Bank, are locked in a high-stakes dispute over proposed changes to the lender’s capital structure.The disagreement centers on warrants issued in October 2021, set to expire by late October 2026. Converting these warrants into equity requires Unity SFB to increase its authorized share capital—a proposal BharatPe has rejected three times over the past year. In a major development, the Delhi High Court has restrained Unity SFB from increasing its authorized share capital without explicit written consent from BharatPe. The court’s intervention ensures that no capital restructuring can take place without mutual agreement between both key stakeholders. Despite the ongoing legal proceedings, industry insiders suggest that an out-of-court settlement remains on the table, given the remaining time before the warrants lapse. The High Court is scheduled to hear the matter next on October 28.
Delhi High Court Restrains Unity SFB Capital Increase Amid BharatPe-Centrum Dispute
