UTI Bank announced that it has priced its offering of 14.13 million GDRs, aggregating $218.07 million. | |
| Each GDR was priced at $15.43 and will be listed on the London Stock Exchange. This is 1.7% discount to the closing price of the bank's GDR on Friday, July 20. |
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| The bank has also decided the issue price of the equity shares to be offered as a qualified institutional placement (QIP) to be Rs 620 per share. |
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| The size of the QIP will be Rs 1,752 crores. The bank proposes to allot 2,56,21,076 shares to its promoters at Rs 620 per share on a preferential basis. |
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| The date of settlement for all three offerings will be July 27. |
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| Citigroup and Goldman Sachs acted as bookrunners for the GDR and QIP offering. |
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