Board approves up to Rs 949.08 crore rights issue at Rs 14 per share

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Price reactionminutes from the announcement price · days from the prior close

+2.6%Reaction day

₹21.84

prior close

₹22.25

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+2.8% vs market

Other Bank peers, median of 8sector-1.0%+3.6% vs sector

On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 3.6 pts more than its Other Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

+2.6-0.3+2.8-1.0+3.6

Next day

+1.5-0.1+1.5-0.8+2.3

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UpDownMarket · Nifty Microcap 250Sector · Other Bank peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved up to 67.79 crore fully paid equity shares at Rs 14 each, for proceeds of up to Rs 949.08 crore. The price includes a Rs 4 premium over the Rs 10 face value and is payable in full on application. BSE and NSE gave in-principle approvals. On-market rights renunciation closes October 28 and off-market renunciation October 31, 2025. The filing did not state the entitlement ratio, record date or opening date.

Likely market impact

Shareholders may need to pay more to maintain their stake. If they do not subscribe, their stake will shrink, while the bank gains fresh capital.