Utkarsh Bank gets in-principle approval for rights issue

Utkarsh Small Finance Bank Limited announced on October 7, 2025, that it has received in-principle approvals from both the National Stock Exchange of India Limited (NSE) and BSE Limited for its proposed rights issue of equity shares. The NSE's approval was granted on October 6, 2025, while BSE Limited's approval followed on October 7, 2025. This follows an application made to the stock exchanges on October 2, 2025, seeking in-principle approval for the rights issue.

The proposed rights issue involves fully paid-up equity shares of face value ₹10 each, aiming to raise up to ₹950 crores. The approvals are subject to the Bank fulfilling various conditions, including compliance with listing regulations, statutory and other regulatory requirements, and filing of a listing application.

The Bank is permitted to use the names of the stock exchanges in its Letter of Offer for the rights issue, provided it includes specific disclaimer clauses mandated by both NSE and BSE.