Rs 950 crore rights issue approved; record date 14 October 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
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The bank approved a rights issue of up to 67.79 crore fully paid shares at Rs 14 each, raising up to Rs 949.08 crore. The price includes a Rs 4 premium over the Rs 10 face value, with full payment due at application. The record date is 14 October 2025. On-market renunciation closes on 28 October and off-market renunciation on 31 October.
The raise can strengthen the bank's capital, but shareholders who do not subscribe may face dilution. The rights price may act as a near-term reference for the stock.