New-age non-bank lender BharatPe is looking to sell anywhere between 10% and 25% stake in Unity Small Finance Bank, depending on buyer interest. The Peak XV-backed fintech firm currently holds around 49% stake in the small finance bank.

• BharatPe is scouting for private equity firms and large family offices for the stake and has appointed investment bank Rothschild & Co. to help it look for buyers, the people cited above said on condition of anonymity.
• Unity SFBis promoted by Centrum Financial Services and is backed by BharatPe’s parent, Resilient Innovations Pvt. Ltd (RIPL) as the financial investor.
• Unity SFBwill also need to comply with the RBI rule that no single stakeholder should have more than 10% stake before a financial entity like Unity goes for public listing.
• Unity SFB, which has completed three years of operations, is required to go public after two more years. Central bank rules require small finance banks to get listed after five years of operations.