MUMBAI: UTI Bank on Sunday said it has successfully priced its GDRs of 14.13 million aggregating to 218.07 million dollars.
Each GDR was priced at 15.43 dollars and will be listed on the London Stock Exchange, the bank said in a statement.
The bank has fixed its issue price for Qualified Institutional Placement at Rs 620 per share. The size of QIP would be Rs 1,752 crore, it said.
The bank proposes to allot 2.5 crore shares at Rs 620 per share aggregating to Rs 1,588 crore to its promoters on a preferential basis.
Each GDR was priced at 15.43 dollars and will be listed on the London Stock Exchange, the bank said in a statement.
The bank has fixed its issue price for Qualified Institutional Placement at Rs 620 per share. The size of QIP would be Rs 1,752 crore, it said.
The bank proposes to allot 2.5 crore shares at Rs 620 per share aggregating to Rs 1,588 crore to its promoters on a preferential basis.