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UTI Bank Limited (UTI)

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Monday 04 June, 2007

UTI Bank Limited

Decisions taken at Board Meet

UTI Bank Limited
01 June 2007

UTB/PJO/CO/067/2007-08
June 1, 2007

The Senior General Manager (Listing)
The Ahmedabad Stock Exchange Limited
Kamdhenu Complex, Panjara Pole
Ahmedabad                                              Attn : Shri K. K. Mishra

The General Manager (Listing)
  National Stock Exchange of India Limited
Exchange Plaza, 5th Floor
Plot No. C/1, 'G' Block
Bandra-Kurla Complex
Bandra (E), Mumbai - 400 051                           Attn : Shri Hari K.

The General Manager (Listing)
The Bombay Stock Exchange Limited
1st Floor, New Trading Ring, Rotunda Building
P. J. Towers, Dalal Street
Fort, Mumbai - 400 001                                 Attn : Shri Sanjiv Kapur


Sub : UTI Bank Limited - Decisions taken at Board Meeting held on1st June, 2007

At the meeting of the Board of Directors of the Bank held today, the following
decisions were taken :

1.       To raise Tier-I capital of the Bank by way of issue of equity shares
not exceeding 4,23,97,400 equity shares and/or equity shares through depositary
receipts and/or securities convertible into equity shares at the option of the
holder(s) of such securities, and/or securities linked to equity shares and/or
any instruments or securities representing either equity shares and/or
convertible securities linked to equity shares.

2.       To offer to the Promoters to subscribe 3,19,25,561 shares on
preferential basis if they so desire.

3.       To increase the authorised share capital of the Bank from Rs. 300
crores to Rs. 500 crores.

4.       To alter the Memorandum and Articles of Association of the Bank to give
effect to the increase in the authorised share capital.

5.       To convene an Extraordinary General Meeting of the shareholders of the
Bank on 25th June, 2007 at Mumbai for the above purpose.


You are requested to take the above on record and inform your members suitably.


Yours faithfully,


P. J. Oza
Company Secretary &
Vice President (Law)

C.C. to :  Shri Chandrashekhar Tilak, Vice President, NSDL, Mumbai
           Shri Krishnamurthy Iyer, Assistant Vice President, CDSL, Mumbai





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