Utkarsh Small Finance Bank gains on raising Rs 105 crore via NCDs
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Utkarsh Small Finance Bank is currently trading at Rs. 35.99, up by 0.30 points or 0.84% from its previous closing of Rs. 35.69 on the BSE.
The scrip opened at Rs. 35.71 and has touched a high and low of Rs. 36.29 and Rs. 35.54 respectively. So far 153677 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.23 on 08-Feb-2024 and a 52 week low of Rs. 34.65 on 21-Nov-2024.
Last one week high and low of the scrip stood at Rs. 36.93 and Rs. 34.83 respectively. The current market cap of the company is Rs. 3964.39 crore.
The promoters holding in the company stood at 68.94%, while Institutions and Non-Institutions held 11.01% and 20.05% respectively.
Utkarsh Small Finance Bank has raised Rs 105 crore through the allotment of 10,500 Rated, Listed, Unsecured, Subordinated, Redeemable, Lower Tier II Bonds in the form of Non-Convertible Debentures (NCDs) of face value of Rs 1,00,000 each, at the coupon rate of 10.90% per annum, payable quarterly. Capital Structuring & Fund Raise Committee (CSFRC) of the Board of Directors of the bank has on November 27, 2024 approved allotment of the same.
Utkarsh Small Finance Bank is engaged in providing banking and financial services.
