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UCO Bank raises Rs 3,076 crore on preferential basis

28 Feb 2019 Evaluate

UCO Bank has raised Rs 3,076 crore through allotment of 146,82,57,756 equity shares for cash at an issue price of Rs 20.95 including premium of Rs 10.95 per share on preferential basis to Government of India. The Competent Authority of the bank has allotted the same.

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.

Peers
Company Name CMP
State Bank Of India 1004.50
PNB 116.85
Bank Of Baroda 238.00
Canara Bank 124.20
Union Bank Of India 180.80
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