Archive · 3 Oct 2025
Utkarsh SFB Plans ₹950 Crore Rights Issue After Losses
Utkarsh Small Finance Bank, a smaller bank, is planning to raise money by issuing new shares, a process called a rights issue.
They plan to raise ₹950 crore.
The bank recently had some financial troubles, including losses in the last few quarters.
The board approved this plan on October 3 and will meet again to decide on the price of the new shares.
The bank's net worth decreased, and its collection efficiency declined.
The bank's stock price also went down from its peak.
Utkarsh Small Finance Bank's board approved a ₹950 crore rights issue.
The board will meet again on October 8 to decide on issue details.
The bank reported losses in two of the last three quarters.
Net worth declined by 8% during the June quarter.
Shares closed at ₹21.75 on Friday.
- Who
- Utkarsh Small Finance Bank
- What
- Approved a ₹950 crore rights issue
- When
- The board met on October 3 and will meet again on October 8
- Where
- N/A
- Why
- To raise funds.
- Company
- Utkarsh Small Finance Bank
- Rights Issue Amount
- ₹950 crore
- Recent Losses
- Two out of last three quarters
- Q3 FY25 Net Loss
- ₹168 crore
- Q4 FY25 Net Profit
- ₹3 crore
- June Quarter Net Loss
- ₹239 crore
- Share Price (Friday)
- ₹21.75