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UCO Bank gets nod to raise Rs 1,000 crore via QIP

18 Jan 2019 Evaluate

UCO Bank has got board’s approval for raising Rs 1,000 crore through sale of shares on private placement basis to fund business growth. The board of the bank also approved raising Rs 500 crore from tier-II bonds.

The equity capital of Rs 1,000 crore would be raised through Qualified Institutions Placement (QIP). The board also cleared a proposal to raise capital through issue of up to Rs 20 crore shares under Employee Stock Purchase Scheme (ESPS).

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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