United Bank of India allots equity shares to Government of India at Rs. 72.95

United Bank of India has completed the Allotment of 1,37,08,019 Equity Shares of Rs. 10/- each at a price of Rs. 72.95 per share on preferential basis under Chapter VII of the SEBI (Issue of Capital & Disclosure Requirements) Regulations 2009 to "PRESIDENT OF INDIA" on behalf of Government of India, on March 13, 2013.

The said shares shall be locked-in up to March 12, 2016 as per the provision of the aforesaid Regulation.

The United Bank of India stock closed the day at Rs.62.85, down by Rs.1.35 or 2.10%. The stock hit an intraday high of Rs.65.10 and low of Rs.62.70.

The total traded quantity was 0.23 lakhs compared to 2 week average of 1.68 lakhs.

Source : Equity Bulls

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