The Company will issue fully paid shares of face value of ₹10 each.
The board of directors of Utkarsh Small Finance Bank has approved the issue of 67.79 crore shares to eligible investors, as part of this ₹950 crore rights issue.
The rights issue has been priced at ₹14 per share, which is a 33% discount to the current market price of the stock. The entire issue price is payable at the time of request.
Existing shareholders of Utkarsh Small Finance Bank will be eligible to receive eight fully paid rights shares for every 13 shares they own as of the record date.
The board approved Tuesday, October 14, 2025 as the registration date for the rights issue. This means that shareholders who will own the company’s shares at the end of trading on Monday, will be eligible to approve this rights issue.
The rights issue will open on Friday October 24, 2025 and close on Monday November 3.
The last date for market renunciations for existing shareholders selling their rights is October 28. Market waivers are a process by which an existing shareholder sells their rights to an exchange, instead of exercising their right to purchase new shares through the rights issue.
The last date for off-market waivers has been set as Friday, October 31. Here, instead of selling your rights directly, an existing investor can transfer the rights to another person privately.
Dam Capital will be the advisor and CMS Induslaw is the legal advisor on the rights issue.
Shares of Utkarsh Finance Bank rise at the day’s high, gaining as much as 4% to ₹22.65. The stock remains below its IPO price of ₹25.
First published: October 8, 2025 12:37 It
