BharatPe moves Delhi HC over Unity Bank warrant transfers

BharatPe parent Resilient Innovations has sought interim protection from the Delhi High Court, alleging unauthorised transfers and encumbrances of Unity Small Finance Bank warrants by Centrum and JBCG ahead of arbitration.

— Source publishedWed, 16 Sept, 2026, 22:22 IST·First seen Wed, 16 Sept, 2026, 22:23 IST·Source Business Standard · Companies

What happened

BharatPe parent Resilient Innovations has petitioned the Delhi High Court to block alleged unauthorised transfers and encumbrances of Unity Small Finance Bank

Key facts

  • 190 crore warrants
  • 51% Centrum stake in Unity Bank
  • 49% BharatPe stake in Unity Bank
  • Rs 746 crore contributed by BharatPe
  • 6.74 crore Series 1 warrants transferred
  • 4 crore Series 2 warrants transferred
  • 15 crore Series 1 warrants encumbered
  • 16.92 crore Series 2 warrants encumbered
  • 8 crore Series 2 warrants pledged
  • Rs 200 crore raised against pledged warrants

Why this matters

Potential partners or deal teams should factor the pending arbitration-related dispute and claimed encumbrances into diligence on BharatPe’s Unity Bank-associated holdings.

What to watch

  • Whether the court grants a status-quo order, disclosure mandate or only limited interim relief.
  • Evidence of completed warrant transfers, pledges, beneficial-owner changes or third-party financing against the warrants.
  • Commencement of arbitration and the forum's ruling on transfer restrictions and consent rights.
  • Any impact on Unity Small Finance Bank board representation, shareholder alignment, capital-raising plans or regulatory communications.
  • Signs of a settlement involving re-transfer, buyout, dilution protection or revised governance rights.
  • Seek an urgent status-quo or anti-encumbrance injunction at the October 1 hearing.
  • File or accelerate arbitration claims seeking reversal of transfers, disclosure of beneficial holders and damages.
  • Counterparties will likely submit shareholder agreements, warrant terms and consent records to defend transfer rights.
  • BharatPe may reassess disclosures, valuation treatment and governance protections tied to its Unity Small Finance Bank investment.