United Bank of India informs about preferential allotment of equity shares

United Bank of India has informed that the Bank has issued and allotted 232,445,520 equity shares of Rs 10 each for cash at an issue price of Rs 20.65 per equity share including premium of Rs 10 65 per share determined in accordance with Regulation 76 (1) of SEBI ICDR Regulations 2009 on preferential basis to Government of India against capital infusion of Rs 480 crore. The equity shares so allotted shall rank pari pasu with existing equity shares of the Bank.

The above information is a part of company’s filings submitted to BSE.