UCO Bank receives Rs. 2600 crore fund infusion from Government of India

Government of India have conveyed their sanction for release of Rs,2600 crore (Rupees Two thousand Six hundred crore only) towards contribution of the Central Government in the preferential allotment of equity shares of UCO Bank. Bank has received capital of Rs. 2600 crore on 31.03.2021 and such amount is being maintained by the Bank as "Share Application Money" pending allotment.

Shares of UCO BANK was last trading in BSE at Rs.10.99 as compared to the previous close of Rs. 10.95. The total number of shares traded during the day was 977470 in over 4591 trades.

The stock hit an intraday high of Rs. 11.14 and intraday low of 10.91. The net turnover during the day was Rs. 10763040.

Source : Equity Bulls

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