Issue of Equity

27 Jul 2007 16:58

UTI Bank Limited27 July 2007 ALLOTMENT OF EQUITY SHARES REPRESENTING THE UNDERLYING SHARES IN THE FORM OF GLOBAL DEPOSITARY RECEIPTS (GDRs) AND EQUITY SHARES UNDER QUALIFIED INSTITUTIONAL PLACEMENT (QIP) TO INVESTORS AND PREFERENTIAL ISSUE OF SHARES TO INDIAN FINANCIAL INSTITUTIONS UTI Bank has today made allotment of the following: 1. 2,82,64,934 equity shares @ Rs. 620/- per share inclusive of premium of Rs. 610/- per share by way of Qualified Institutional Placement (QIP) to QIBs. 2. 1,41,32,466 Global Depositary Receipts (GDRs), each GDR representing one (1) underlying fully paid up equity share @ Rs. 620/- per share inclusive of premium of Rs. 610/- per share to investors. 3. 3,06,95,129 equity shares to six institutions, namely The Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI), LIC, GIC, New India Assurance, Oriental Insurance and United India Insurance @ Rs. 620/- per share inclusive of premium of Rs. 610/- per share. This information is provided by RNS The company news service from the London Stock Exchange