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Board of UCO Bank to consider preferential issue of shares to GoI

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Capital Market
Last Updated : Sep 28 2019 | 3:04 PM IST

On 03 October 2019

UCO Bank announced that Govt. of India conveyed their sanction for release of capital of Rs.2130 crore towards contribution of the Central Government in the preferential allotment of equity shares of UCO Bank.

Above proposal for issue of equity shares to Government of India on preferential basis against capital infusion of Rs.2,130 crore will be placed through circular resolution before the board of directors of the bank on or after 3 October, 2019.

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First Published: Sep 28 2019 | 2:45 PM IST

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