UTI Bank Ltd to raise Tier-I capital

New Delhi, July 13: UTI Bank Ltd today said it would raise Tier-I capital of the Bank by way of issue of 4,23,97,400 equity shares and upto 3,19,25,561 equity shares to its promoters on a preferential basis.

The bank said in a statment that Tier-I capital will be raised through global depository receipts and/or securities convertible into equity shares at the option of the holder(s) of such securities, The Tier-II haedroom can also be raised through securities linked to equity shares and/or any instruments or securities representing either equity shares and/or convertible securities linked to equity shares.

UNI