Offer for sale
Special SituationWatchMajormateriality 76 out of 100
What happened
FactProposed offer for sale of equity shares of a face value or, IO each (the "Equity Shara") or Central. 8% of the total paid-up Equity Share capital of the Bank ~d will collectively be referred'to as,tbe "Offer Shares". (representing 4% of the total paid-up equity share capital of the Bank) in addition to 36,20,56,051 Equity Shares.
Why it matters
CapitSignal interpretationAn offer for sale places existing shares into the market, so the register changes and the price is set by the floor rather than the screen.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
RevisedEarlierQ1 FY27
quarter-on-quarter growth will be approximately 3%.
NowQ1 FY27
retail will grow by approximately 23.9%, Agriculture will grow by 21% and MSME will grow by 18%.
Change
FactTarget revision
Implication
CapitSignal interpretationThe stated figure moved 696.67%.confidence 60%
Watch next
Fact- Floor price versus market price
- Seller stake before and after
- Subscription across the two sessions
- our intention our endeavour is that going forward in the seven quarters we should end up doing the entire prov (management committed by Q4 FY27)
- We are sure that in coming year, Bank will reduce cost-to-income ratio by 1.5% to 1.6%. (management committed by FY27)
Evidence
- The President of India, acting through the Department of Financial Services, Ministry of Finance, Government of India has informed the Exchange about its intention to exercise over-subscription option for 36,20,56,051 equity shares(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- OFS base 68; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%