SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

UCO Bank to issue 3.13 crore shares to LIC

22 Feb 2012 Evaluate

UCO Bank is likely to issue 3.13 crore equity shares to Life Insurance Corporation of India (LIC) on preferential basis. The board of directors of the bank has decided to issue these shares at a price as determined in accordance with Securities Exchange Board of India (ICDR) Regulations 2009 at a meeting in Kolkata.

The bank is looking for the approval from Union Government, Reserve Bank of India and the bank's shareholders for the issue. Currently LIC holds 8.44% of the total shares of UCO Bank. It held a total of 5.3 crore shares in the bank as on December 31, 2011.

The bank has posted an increase of 10.39% in its Q3FY12’s net profit at Rs 332.55 crore as compared to Rs 301.24 crore for the corresponding quarter of the previous year. The bank’s total income has increased by 27.83% to Rs 3,973.62 crore for the quarter under review from Rs 3,108.39 crore for the corresponding quarter of the previous year.

UCO Bank Share Price

26.76 0.21 (0.79%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×