Utkarsh Small Finance Bank ₹950 crore Rights Issue: Check entitlement, price, and other details
Published on 08/10/2025 12:41 PM
Utkarsh Small Finance Bank ₹950 crore Rights Issue: Check entitlement, price, and other detailsUtkarsh Small Finance Bank's board has approved the issue of 67.79 crore equity shares to eligible investors, as part of this ₹950 crore rights issue.By Hormaz Fatakia October 8, 2025, 12:41:54 PM IST (Updated)2 Min ReadUtkarsh Small Finance Bank Ltd. has approved terms for its ₹950 crore rights issue, at the conclusion of its board meeting on Wednesday, October 8.
The company will be issuing fully paid-up equity shares of a face value of ₹10 each.
Utkarsh Small Finance Bank's board has approved the issue of 67.79 crore equity shares to eligible investors, as part of this ₹950 crore rights issue.
Price for the rights issue has been fixed as ₹14 per share, which is a 33% discount in comparison to the stock's current market price. The entire issue price is payable at the time of making the application.
Existing shareholders of Utkarsh Small Finance Bank will be eligible to receive eight fully paid-up rights equity shares for every 13 shares they own as on the record date.
The board has approved Tuesday, October 14, 2025 as the record date for the rights issue. This means, shareholders who will have shares of the company at the end of trade on Monday, will be eligible to approve for this rights issue.
The rights issue will open on Friday, October 24, 2025, and close on Monday, November 3.
The last date for on-market renunciations of existing shareholders selling their rights entitlements is October 28. On-market renunciations is a process by which an existing shareholder sells his or her rights entitlements on a stock exchange, instead of exercising their right to buy new shares through the rights issue.
Last date for the off-market renunciations has been fixed as Friday, October 31. Here, instead of selling your rights entitlement directly, an existing investor can transfer the rights to another person privately.
DAM Capital will be the advisor and CMS IndusLaw is the legal counsel for the rights issue.
Shares of Utkarsh Small Finance Bank surge to the highs of the day, gaining as much as 4% ₹22.65. The stock remains below its IPO price of ₹25.Continue ReadingFirst Published: Oct 8, 2025 12:37 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsrights issueshare market todayUtkarsh Small Finance Bank