UCO Bank’s Board approves preferential issue of shares to govt

UCO Bank | Bank - Public | BFSI | BSE: 532505 | NSE: UCOBANK

04 Oct 2019 Evaluate

UCO Bank has received approval from its Board of Directors for the proposal by circulation for the issue of equity shares on preferential basis to Government of India against capital infusion of Rs 2130 crore.

The extraordinary general meeting of the shareholders of the bank will be held on November 06, 2019 for seeking approval of the shareholders for the above proposal.

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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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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