In continuation to disclosures dated October 26, 2018 and October 31,2018, with respect to raising of equity capital for an amount not exceeding Rs 3000 crores by way of preferential allotment of equity shares, United Bank of India has informed that the Board of Directors of the bank at its meeting scheduled to be held on December 14, 2018, shall consider transacting the aforesaid business of raising of equity capital by way of postal ballot also, subject to receipt of applicable approvals and/or clearances. It is in terms of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
