Utkarsh Small Finance Bank Unveils Rs 950 Crore Rights Issue Plan

Utkarsh Small Finance Bank has set into motion a Rs 950 crore rights issue to bolster its business expansion efforts. The bank confirmed on Thursday that it has submitted the required paperwork to stock exchanges to seek comments on the Draft Letter of Offer and receive in-principle listing approval.

The move was sanctioned by the bank's board during a meeting on October 1, 2025, granting approval to raise the capital through the rights issue method, a way for existing shareholders to acquire additional shares at a discounted price proportionate to their current holdings.

Rights issues represent an opportunity for investors to increase their stake in the company while the bank plans to utilize this capital influx to drive growth and expansion initiatives.

(With inputs from agencies.)