Delhi HC backs BharatPe veto in Unity SFB share row
By Abha Lohia · Editor ·
BharatPe: revenue, valuation and funding and every story →
GurugramFounded 2018
- BharatPe is a fintech that offers payments and loans to small merchants, and its parent company co-promoted Unity Small Finance Bank
- The Delhi High Court turned down the bank's appeal and kept in place an order that stops a board vote on a share capital increase without BharatPe's written…
- The plan would have lifted authorised capital from ₹4,000 crore to ₹4,900 crore, which BharatPe says could shrink its 49% holding to about 21%
What happened
- The Delhi High Court rejected Unity Small Finance Bank's appeal against an interim order.
- The order bars the board from taking up Agenda Item 18 without written consent from BharatPe's parent and Centrum.
- The item proposed creating 90 crore preference shares of ₹10 each.
- It also sought changes to the bank's Memorandum of Association.
Why it matters
- A 2021 shareholders' agreement lists reserved matters that need both promoters' written consent.
- BharatPe says the plan could cut its 49% stake to 21%.
- The court had already given BharatPe interim relief in July.
The business
- BharatPe offers payment and lending services to small merchants.
The founders
In numbers
₹4,900 crore (from ₹4,000 crore)Authorised capital proposed · 2026
Words to know
- Preference shares
- Shares that rank ahead of ordinary shares for payouts
The numbers around it
BharatPe has 1 funding rounds in StopDown's archive.
| When | Round | Amount | Led by |
|---|---|---|---|
| 16 October 2026 | Rights issue | $50-75M |
Financial Services in November 2026: 4 rounds with a disclosed amount, $166 million in all; the biggest was OnEMI (₹832 Cr). Every sector this year →
Terms in this story
- Fintech business model: Fintech startups in India earn in four main ways: a small fee on each payment, interest and fees on loans, commissions for selling insurance or investments, and subscriptions for software sold to banks and businesses. The number that matters most is the take rate, the share of each rupee processed that the company keeps.
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Everything on BharatPe → · All startup news on 6 November 2026 →
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