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United Bank of India gains on plan to raise Rs 200 crore via bonds

26 Dec 2011 Evaluate

United Bank of India is currently trading at Rs 50.10, up by 0.15 points or 0.30% from its previous closing of Rs 49.95 on the BSE.

The scrip opened at Rs 50.70 and has touched a high and low of Rs 50.70 and Rs 49.80 respectively. So far 6293 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 114.10 on 06-Apr-2011 and a 52 week low of Rs 49.00 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs 55.50 and Rs 49.00 respectively. The current market cap of the company is Rs 1723.83 crore.

The promoters holding in the company stood at 85.48% while Institutions and Non-Institutions held 3.11% and 11.40% respectively. 

United Bank of India is planning to raise up to Rs 200 crore amounting $37.8 million through Lower TIER-II bonds at a coupon rate of 9.20 percent. The bank has already underwritten the issue and the pay-in is scheduled for December 30.

United Bank of India’s business is principally divided into retail banking, corporate / wholesale banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance and mutual fund distribution, pension and tax collection services.

United Bank-Amalgama Share Price

8.02 0.00 (0.00%)
20-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1108.00
PNB 114.05
Canara Bank 142.90
Bank Of Baroda 282.20
Union Bank Of India 190.05
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