Latest news with #USFBL
Economic Times
4 days ago
- Business
- Economic Times
RBL Bank shares in focus as RBI approves stake acquisition in USFBL post-amalgamation
RBL Bank shares: The Reserve Bank of India (RBI) approved its acquisition of a stake in Utkarsh Small Finance Bank (USFBL). The approval, dated August 5, 2025, relates to the merger of Utkarsh Coreinvest Ltd (UCL) with USFBL. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of RBL Bank are expected to be in the spotlight on Thursday after the Reserve Bank of India (RBI) granted its approval for the bank to acquire an aggregate holding in Utkarsh Small Finance Bank Limited (USFBL).The approval was provided via an RBI letter dated August 5, and is linked solely to the amalgamation of Utkarsh Coreinvest Ltd (UCL) with USFBL.'We wish to inform you that the RBI vide its letter dated August 5, 2025, granted its approval to acquire aggregate holding in Utkarsh Small Finance Bank Limited (USFBL), solely on account of amalgamation of Utkarsh Coreinvest Limited (UCL) with USFBL,' said RBL Bank via its filing to the stock RBL Bank does not directly hold any shares in USFBL, it owns 8.64% in UCL as of March 31, the proposed amalgamation, this stake would translate into more than 5% holding in USFBL's paid-up equity share capital, which triggered the need for regulatory approval under RBI norms.'The Bank does not hold any shares in USFBL and there is no direct acquisition, however as the Bank holds 8.64% shares in UCL as on March 31, 2025, pursuant to Share exchange Ratio for amalgamation, the Bank's shareholding in USFBL post completion of the amalgamation of UCL with USFB would exceed 5% of paid up Equity Share Capital of USFBL, hence the Bank had made an application to RBI in response to which the aforesaid approval is received,' the company had response, RBL Bank filed an application with the RBI, which has now been approved. The central bank's consent is conditional on full compliance with multiple regulatory the RBI's approval mandates that the aggregate holding of RBL Bank in USFBL must remain below 10% of the latter's paid-up capital or voting rights at all Wednesday, the shares of RBL Bank closed 2% lower at Rs 260.05 on the BSE.
Time of India
4 days ago
- Business
- Time of India
RBL Bank shares in focus as RBI approves stake acquisition in USFBL post-amalgamation
Shares of RBL Bank are expected to be in the spotlight on Thursday after the Reserve Bank of India (RBI) granted its approval for the bank to acquire an aggregate holding in Utkarsh Small Finance Bank Limited (USFBL). The approval was provided via an RBI letter dated August 5, and is linked solely to the amalgamation of Utkarsh Coreinvest Ltd (UCL) with USFBL. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program 'We wish to inform you that the RBI vide its letter dated August 5, 2025, granted its approval to acquire aggregate holding in Utkarsh Small Finance Bank Limited (USFBL), solely on account of amalgamation of Utkarsh Coreinvest Limited (UCL) with USFBL,' said RBL Bank via its filing to the stock exchanges. While RBL Bank does not directly hold any shares in USFBL, it owns 8.64% in UCL as of March 31, 2025. Following the proposed amalgamation, this stake would translate into more than 5% holding in USFBL's paid-up equity share capital, which triggered the need for regulatory approval under RBI norms. Live Events 'The Bank does not hold any shares in USFBL and there is no direct acquisition, however as the Bank holds 8.64% shares in UCL as on March 31, 2025, pursuant to Share exchange Ratio for amalgamation, the Bank's shareholding in USFBL post completion of the amalgamation of UCL with USFB would exceed 5% of paid up Equity Share Capital of USFBL, hence the Bank had made an application to RBI in response to which the aforesaid approval is received,' the company had added. In response, RBL Bank filed an application with the RBI, which has now been approved. The central bank's consent is conditional on full compliance with multiple regulatory frameworks. Additionally, the RBI's approval mandates that the aggregate holding of RBL Bank in USFBL must remain below 10% of the latter's paid-up capital or voting rights at all times. On Wednesday, the shares of RBL Bank closed 2% lower at Rs 260.05 on the BSE. Also read: Nazara Technologies board to consider bonus issue, stock split on Aug 12; stock jumps 2% ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Upturn
07-07-2025
- Business
- Business Upturn
Utkarsh Small Finance Bank gets NSE and BSE nod for amalgamation with Utkarsh CoreInvest
By Aditya Bhagchandani Published on July 7, 2025, 21:42 IST Utkarsh Small Finance Bank Limited (USFBL) announced on Monday, July 7, that it has received observation letters from both the BSE and the National Stock Exchange of India (NSE) for its proposed Scheme of Amalgamation with Utkarsh CoreInvest Limited (UCL). The scheme involves the merger of UCL (transferor company) with USFBL (transferee company), along with their respective shareholders and creditors, under Sections 230–232 of the Companies Act, 2013. According to the bank's filing, NSE has issued a 'no objection' letter dated July 7, 2025, while BSE issued its observation letter on July 4, 2025, stating 'no adverse observations.' The approvals follow the Reserve Bank of India's (RBI) earlier 'no-objection' to the proposal, communicated in January 2025. The exchange approvals come with certain conditions, including compliance with SEBI's regulations, full disclosure of ongoing litigations, financials not older than six months, clear rationale for the merger, disclosure of valuation methods, and ensuring that the equity shares to be issued under the scheme are in dematerialised form. The company also confirmed that all liabilities of the transferor company will be transferred to USFBL as part of the merger. The scheme remains subject to further regulatory and statutory approvals, including from the National Company Law Tribunal (NCLT) and shareholders. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
