Categories: Business & Economy

UTKARSH Small Finance Bank 950 Crore Entitlement: Check Entitlement, Price & Other Details

Utkarsh Small Finance Bank Ltd. approved the terms of its ₹950 crore rights issue, at the end of its board meeting on Wednesday, October 8.

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.

Source link

Michael Johnson

Recent Posts

Elaine Hendrix, Liz Gilles have reunion of the dynasty

It is a Carrington family meeting in Dancing. After Elaine Hendrix And his partner Alan Bersten Dazzled with their time…

6 minutes ago

Chances of the STANLEY 2025-26 CUTTS

Welcome to our NHL 2025-2026 projections where you will find the total projected points of each team, the probability of…

8 minutes ago

Live updates to the government’s closure while the Senate is preparing to vote again

6 months ago Senate votes should start at 11:20 am The Senate is expected to start a series of votes…

11 minutes ago

Two people arrested for attacking Calcutta students, calling them ‘Bangladeshis’; incident sparks political row

Two individuals were arrested by police in Kolkata on Thursday (August 21) for allegedly attacking a group of Calcutta University…

12 minutes ago

OpenAI didn’t expect Sora’s copyright drama

When OpenAI released its new AI-generated video app, Sora, last week, it launched with an opt-out policy for copyright holders:…

13 minutes ago

Square Launches AI Voice Control and Integrated Bitcoin Solution for Merchants

Square, Block's merchant payments platform, has launched new features for merchants, including AI-powered voice ordering for restaurants, enhancements to its…

14 minutes ago