SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

UCO Bank to raise Rs 270.59 crore via issue of preferential shares to LIC

08 Nov 2016 Evaluate

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
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:

×