Goldman Sachs Mauritius today bought 1.84 per cent stake in UTI Bank for Rs 116.54 crore. It picked up over 50.26 lakh shares at Rs 231.85 each from T Rowe Price New Asia Fund in a block deal on the Bombay Stock Exchange (BSE). | |
| "The bank has always been attractive to foreign institutional investors," said a banking analyst. |
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| The scrip closed the day at Rs 234.8 on the BSE, reflecting a gain of 1.27 per cent against yesterday's close of Rs 231.85. |
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| Total foreign holding in the bank stands at 45.69 per cent as on March 31, 2005. |
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| Foreign institutional investors (FIIs) have about 18.4 per cent stake, while foreign direct investment (FDI) stands at 27.19 per cent, which includes the bank's global depository receipts (GDR) of $ 275 million and HSBC Asia Pacific Holdings UK's 12.4 per cent among others. |
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| Non-resident Indians hold about 0.10 per cent. The Indian promoter holding in the bank stands at 44.51 per cent, which includes the Life Insurance Corporation of India's 10.67 per cent. |
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| UTI Bank raised the GDR issue to support the bank's growth strategy and maintain a high capital adequacy ratio of 12.66 per cent. |
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| The bank's net profit stood at Rs 334.58 crore even as the operating profit fell by 18.97 per cent to Rs 565.62 crore. |
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