Utkarsh Small Finance Bank Approves Rights Issue of ₹949.08 Crore
Utkarsh Small Finance Bank board approves rights issue of ₹949.08 Crore, offering shares at ₹14 each to eligible shareholders. Record date is set, with RE trading closing on Oct 28, 2025.
The rights issue represents a significant fund-raising activity for the bank, which can have a moderate impact on the company's financials and operations.
The announcement is about the approval of a rights issue, which is a neutral event. No positive or negative sentiments are expressed.
* Utkarsh Small Finance Bank's board approved a rights issue of equity shares to eligible shareholders for an amount aggregating up to ₹950 Crore. * The rights issue consists of 67,79,13,784 fully paid-up equity shares with a face value of ₹10 each, totaling ₹9,49,07,92,976 (₹949.08 Crore), assuming full subscription. * The issue price is ₹14 per fully paid-up equity share, including a premium of ₹4 per share. The entire issue price is payable upon application. * The Rights Entitlement ratio is 61 fully paid-up equity shares for every 1,10,16,09,900 equity shares held as of the record date. * Record Date is fixed for determining shareholders eligible for Rights Entitlement. * Closure of Rights Entitlements (REs) trading (Last date for on-market renunciation of REs): October 28, 2025. * Last date for off-market renunciation of REs: October 31, 2025. * DAM Capital Advisors Limited is the advisor, and CMS IndusLaw is the legal counsel for the Rights Issue.
What to do with a filing like this
Utkarsh Small Finance Bank Limited filed this with the NSE as a statutory disclosure, categorised under rights issue. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Utkarsh Small Finance Bank Limited. Read the original for the full detail.