Event Date: N/A
SE/2023-24/110, dated February 14, 2024, is addressed to the BSE Limited and the National Stock Exchange of India Limited, informing them of communication received from Utkarsh CoreInvest Limited (“UCL”), the holding company of Utkarsh Small Finance Bank Limited (“USFBL” or “the Bank”). UCL, in a communication dated February 14, 2024, stated that its Board of Directors on February 13, 2024, passed a resolution to initiate steps towards a proposed reverse merger of UCL with USFBL. This proposed reverse merger is subject to requisite corporate, regulatory, and statutory approvals from both UCL and the Bank. The objective of this evaluation is to comply with the Reserve Bank of India Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies dated January 16, 2023. These guidelines require dilution of the Promoter shareholding to 26% within 15 years from the commencement of banking business. Subject to approvals and fulfillment of legal processes, the reverse merger would allow UCL and USFBL to meet the stated regulatory requirements. The Bank has noted the communication from UCL and its Board of Directors will evaluate the proposal along with other options to achieve regulatory compliance, keeping in mind the best interests of the Bank and its stakeholders. The stock exchanges will be updated on further developments. The communication requests that the stock exchanges take note of the information provided. The letter is signed by Muthiah Ganapathy, Company Secretary & Compliance Officer of Utkarsh Small Finance Bank Limited.
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Our blog provides insightful information about unlisted shares, offering a deeper understanding of how these assets work, their potential benefits, and the risks involved. Whether you're new to unlisted shares or looking to expand your knowledge, we cover topics such as investment strategies, valuation methods, market trends, and regulatory aspects. Stay updated with expert tips and guides to navigate the unlisted share market effectively.
Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.
You can buy unlisted shares through a broker or platform that specializes in unlisted share transactions. We provide a secure and easy way to purchase unlisted shares from top companies, ensuring a smooth transaction process.
The share prices of unlisted companies can fluctuate based on various factors like market demand, company performance, and private transactions. You can check the latest share prices for unlisted companies on our website for real-time updates.
Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.
To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.
Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
The value of unlisted shares is typically determined by private transactions, financial reports, and market demand. We provide the latest updates on share prices of unlisted companies, giving you the most accurate valuation available.
The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.
Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.
It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
