Pursuant to Regulation 30 of the LODR Regulations, Utkarsh Small Finance Bank has informed that Utkarsh Small Finance Bank (Bank / Company) has agreed to make a strategic investment by acquiring and/or subscribing up to 7% of equity shares (post-acquisition) of Saksham Gram Credit (Saksham / Investee Company). Towards this end, the Company has today, i.e. October 10, 2024 entered into the following agreements: 1. Share Subscription Agreements to acquire equity shares up to 7% equity shares (postacquisition) of Saksham Gram Credit Pvt Ltd (Saksham) and 2. A Shareholders' Agreement to regulate the rights & obligations of the shareholders’ inter-se of Saksham. The said Shareholders' Agreement envisages subscription to the equity shares up to 7% of equity shares (post-acquisition) of Saksham Gram Credit (Saksham). The details required under Regulation 30 of the LODR Regulations read with the SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFDPod1/P/CIR//2023/123 dated July 13, 2023 are enclosed as Annexure A.
The above information is a part of company’s filings submitted to BSE.
