Business Standard

UCO Bank allots equity shares to LIC of India

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On preferential basis

UCO Bank announced that on 29 November 2016, the Bank has issued and allotted 7,17,00,000 equity shares of Rs. 10/- to Life Insurance Corporation of India at an issue price of Rs. 37.74 per equity shares including a premium of Rs. 27.74 on preferential basis. The above shares will be under lock-in for a period of one year from the date of trading from the Stock Exchanges i.e. NSE & BSE where the equity shares of the Bank are listed.

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First Published: Nov 30 2016 | 1:21 PM IST

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