At meeting held on 28 January 2016
United Bank of India announced that the Board of Directors of the Bank at its meeting held on 28 January 2016, inter-alia, has considered and approved the proposal to raise equity up to an aggregate amount of Rs. 500 crore in the first tranche and not exceeding Rs. 1000 crore in one or more tranches during any financial year by Qualified Institutions Placement, Public Issue, Rights issue or such other issue(s) as mentioned in the SEBI circular dated 30 November 2015.Powered by Capital Market - Live News