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United Bank of India to raise Rs 300 crore via rights issue

23 Nov 2012 Evaluate

United Bank of India has received its board’s approval to raise up to Rs 300 crore through a rights issue. The company’s board, on November 22, 201, has approved to create, issue and allot up to such numbers of shares of Rs 10 each at a premium to be decided subsequently on rights basis to the existing shareholders of the bank as on the record date to be fixed subsequently.

The bank has emerged as a strong and efficient banking organisation over the years and plays an integral role in the socio-economic development of the Eastern and North-Eastern States of the country. The bank at present has a strong presence with its total 1678 branches and 800 ATMs spread across the country.

United Bank-Amalgama Share Price

8.02 0.00 (0.00%)
20-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1071.30
PNB 114.05
Canara Bank 141.85
Bank Of Baroda 280.80
Union Bank Of India 187.95
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