UTI completes GDR

Indian bank takes advantage of soaring share price to boost capital.
March 16, 2005

UTI Bank priced a 40.49 million unit GDR deal after Tuesday's close raising $230 million pre greenshoe via Citigroup and Merrill Lynch. The all new share deal was priced at $5.91 per unit, representing parity pricing to the bank's closing share price of Rs256.65 on the National Stock Exchange.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media