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Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
13 May, 2025 19:07 IST
UCO Bank board to raise Rs 26 bn via preferential issue
Source: IRIS | 09 Apr, 2021, 08.50AM
Rating: NAN / 5 stars.
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 UCO Bank (UCO), a public sector lender, said that its Board of Directors on April 7 has approved the proposal for the issue of equity shares on preferential basis to Government of India against capital infusion of Rs.26 billion.

Further the public sector lender said that extraordinary general meeting of the shareholders of the Bank will be held on May. 7, 2021 (through video conference) for seeking approval of the shareholders for the above proposal.

 Shares of the company declined Rs 0.05, or 0.44%, to settle at  Rs 11.32.  The total volume of shares traded  was  796,390 at the BSE (Thursday).



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