NSE and BSE approve proposed Rs 950 crore rights issue

Corporate Actions View source PDF Explain this filing

UTKARSHBNK · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+2.6%Reaction day

₹21.84

prior close

₹21.81

announcement price

After-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

Stock

+0.6

10m

+0.3

15m

+0.6

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.6-0.3+2.8-1.0+3.6

Next day

+1.5-0.1+1.5-0.8+2.3

+1.3+0.6+0.7-1.2+2.4

+6.3+0.1+6.2-0.5+6.8

-14.6-1.1-13.5-2.2-12.4

-18.7-0.1-18.6-2.0-16.7

-18.0-0.1-18.0-2.1-16.0

15d

-7.9+2.1-10.0+2.3-10.2

-22.4+0.3-22.7-3.3-19.1

-33.4-6.3-27.2-4.9-28.5

-32.7-4.7-28.0-2.2-30.5

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

NSE and BSE granted preliminary approval for Utkarsh Small Finance Bank's proposed rights issue of fully paid equity shares of Rs 10 each, worth up to Rs 950 crore. The issue price, ratio and record date have not been announced, and statutory approvals remain required.

Likely market impact

The issue could strengthen the bank's capital and dilute shareholders who do not subscribe. The final cost depends on terms yet to be announced.