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Board of UCO Bank approves raising equity capital aggregating Rs 3000 cr in FY22

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Capital Market
Last Updated : May 27 2021 | 7:31 PM IST

At meeting held on 27 May 2021

The Board of UCO Bank at its meeting held on 27 May 2021 has approved the proposal for raising of equity capital aggregating to Rs 3000 crore during FY 2022 through various modes such as Follow on Public Offer (FPO), Qualified Institutional Placement (QIP), Preferential issue etc. subject to necessary approvals from shareholders, Govt. of India, RBI and SEBI.

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First Published: May 27 2021 | 7:20 PM IST

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