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UCO Bank advances on plan of raising Rs 270.59 crore via issue of preferential shares to LIC

08 Nov 2016 Evaluate

UCO Bank is currently trading at Rs. 33.30, up by 0.10 points or 0.30% from its previous closing of Rs. 33.20 on the BSE.

The scrip opened at Rs. 33.75 and has touched a high and low of Rs. 33.75 and Rs. 33.10 respectively. So far 9660 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 50.15 on 01-Dec-2015 and a 52 week low of Rs. 27.80 on 15-Feb-2016.

Last one week high and low of the scrip stood at Rs. 35.10 and Rs. 32.60 respectively. The current market cap of the company is Rs. 4940.25 crore.

The promoters holding in the company stood at 77.54%, while institutions and non-institutions held 13.98% and 8.49% respectively.

UCO Bank is planning to raise over Rs 270.59 crore by issuing shares to state-owned life insurer LIC on a preferential basis. LIC holds 10.38 per cent in UCO Bank and after the preferential allotment of additional 7.17 crore shares, LIC’s shareholding in the bank will increase to 14.50 per cent of the total equity capital.

Subsequent to the present issue to the LIC, the public shareholding will increase from 19.64 per cent to 23.33 per cent and the shareholding of Government will reduce from 80.36 per cent to 76.67 per cent.

UCO Bank is a commercial bank and a Government of India Undertaking. The bank offers wide range of services includes Personal Banking, Corporate Banking, International Banking, Rural Banking and other services.

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
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