New Delhi: Utkarsh Small Finance Bank on Thursday announced that it has filed papers for a Rs 950 crore rights issue to fund its business growth.
In a regulatory filing, the bank stated, “We have filed the relevant applications with stock exchanges seeking their comments on the Draft Letter of Offer (DLOF) and/or in-principle listing approval for the captioned Rights Issue at the earliest.”
The bank received board approval to raise up to Rs 950 crore via the rights issue from its board of directors on Wednesday. “The Board of Directors of the Bank, at its meeting held on October 1, 2025, has considered and approved the issuance of equity shares of the bank for an amount not exceeding Rs 950 crore by way of a rights issue,” the statement added.
Rights issues allow existing shareholders to subscribe to new equity shares, typically offered at a discount to the prevailing market price, in proportion to their current holdings.
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https://www.freepressjournal.in/business/utkarsh-small-finance-bank-files-papers-for-950-crore-rights-issue-to-fund-business-growth