Utkarsh Small Finance Bank Limited has informed the Exchange about Scheme of Arrangement
UTKARSHBNK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Utkarsh Small Finance Bank has received 'no adverse observations' from BSE (dated July 4, 2025) and 'no objection' from NSE (dated July 7, 2025) on its proposed Scheme of Amalgamation with Utkarsh CoreInvest Limited (UCL), its transferor company. The Board first approved this scheme on September 20, 2024, and the RBI had already given its no-objection in January 2025. With these stock exchange clearances, the bank is now a step closer to filing the scheme with the NCLT. Both observation letters are valid for six months, within which the bank must submit the scheme to the NCLT. The merger is subject to further regulatory and statutory approvals, including shareholder and creditor consents.
Progressively positive for shareholders as the bank moves closer to consolidating Utkarsh CoreInvest into its structure, which could simplify the holding and streamline operations. The next key milestone will be the NCLT filing and subsequent shareholder/court approvals.