On 10 May 2016
UCO Bank announced that the Bank has issued and allotted 22,54,64,190 (Twenty two crore fifty four lakh sixty four thousand one hundred ninety only) equity shares of Rs.10/- each for cash on 10 May 2016 at an issue price of Rs.41.47/- (Rupees Forty one and paise forty seven only) per equity share including premium of Rs. 31.47 (Rupees Thirty one and paise forty seven only) per share determined in accordance with Regulation 76 (1) of SEBI ICDR Regulations 2009 on preferential basis to Government of India against its contribution of Rs. 935 crore.The equity shares so allotted shall rank paripasu with existing equity shares of the Bank.
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