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UCO Bank raises Rs 270 crore through preference shares

30 Nov 2016 Evaluate

UCO Bank has raised Rs 270.59 crore by issuing over 7 crore shares to Life Insurance Corporation of India (LIC) on preferential basis. The Bank has issued and allotted 71,700,000 equity shares of Rs 10 to LIC at an issue price of Rs 37.74 per equity share including a premium of Rs 27.74 on preferential basis. The shares will be under lock-in for a period of one year from the date of trading from the Stock Exchanges i.e. NSE & BSE where the equity shares of the Bank are listed.

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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