Utkarsh Bank announces $114m rights issue to boost capital

Utkarsh Small Finance Bank Limited is undertaking a rights issue to augment its Tier-1 capital base and meet future capital requirements. The issue price is set at ₹14 per rights equity share, including a premium of ₹4. Eligible shareholders will receive eight rights equity shares for every 13 shares held as of the record date, October 14, 2025. The issue opens on October 24, 2025, and closes on November 3, 2025.

The total estimated expenses for the issue are ₹14.17 crore, representing 1.49% of the total issue size. The net proceeds of ₹934.91 crore will primarily be used for capital augmentation. The bank’s board and capital structuring & fund raise committee approved the letter of offer on October 10, 2025. In-principle listing approvals have been received from NSE and BSE.