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.
First Published: Oct 8, 2025 12:37 PM IS
