UCO BANK Board to consider Preferential Issue on 9th February, 2018

Government of India intimated their decision to infuse capital funds in our Bank during the Financial Year 2017-18 to the tune of Rs.6507 crore to improve capital adequacy of the Bank which includes capital contribution of Rs.1375 crore already received by the Bank on 29.12.2017.

The Board of UCO Bank will consider the proposal for issue of equity shares on preferential basis to Govt. of India against the proposed additional capital infusion of Rs. 5132 crore in the ensuing meeting scheduled to be held on 9th February, 2018.

Shares of UCO BANK was last trading in BSE at Rs.29.65 as compared to the previous close of Rs. 30.95. The total number of shares traded during the day was 166689 in over 680 trades.

The stock hit an intraday high of Rs. 30.75 and intraday low of 29.5. The net turnover during the day was Rs. 4977562.

Source : Equity Bulls

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