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UTI Bank's remaining GDR subscribed at $5.91/GDR

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Our Web Bureau Mumbai
The underwriters of the UTI Bank's GDR issue have exercised their green shoe option on April 25, 2005.

According to a release issued by UTI Bank to the BSE, the underwriters have subscribed to 30,00,700 GDRs of the bank at the price of $5.91 per GDR. The overall GDR issue after the exercise of the green shoe option will now be of 4,34,91,000 GDRs, the release said.

 
 

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First Published: Apr 26 2005 | 10:48 AM IST

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