FilingReader Intelligence

Utkarsh Small Finance Bank to raise capital via rights issue

October 1, 2025 at 03:49 PM UTCBy FilingReader AI

Utkarsh Small Finance Bank's board of directors, at a meeting held on October 1, 2025, approved the issuance of equity shares through a rights issue to eligible shareholders. This capital-raising initiative aims to secure an amount not exceeding ₹950 crore.

The rights issue will be extended to eligible equity shareholders, their renouncees, and specific investors, if any, as of the record date. Further details regarding the terms and conditions, including the rights issue price, entitlement ratio, record date, and payment terms, will be determined by the capital structuring & fund raise committee of the board.

A meeting for this purpose is scheduled for October 8, 2025. This decision aligns with SEBI Listing Regulations and other applicable laws.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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