United Bank of India has informed that the Board of Directors of the Bank at its meeting held on May 14, 2013, has approved that the Bank may raise additional capital not exceeding Rs.1000cr. through Qualified Institution Placement of equity shares of Rs.10 each at such price as may be determined, subject to approvals by Shareholders, Government, Reserve Bank of India, Stock Exchanges and such other Regulatory authorities as may be applicable and in compliance to such acts, rules, regulations, guidelines, terms and conditions as may be applicable.
The above information is a part of company’s filings submitted to BSE.
