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Shareholders of UCO Bank have approved the fresh issue of 22.55 crore shares to the government on a preferential basis for raising Rs 935 crore. After announcement of the May 7 EGM voting results, the UCO bank stock on Monday moved up and was trading at Rs 37.30, up 2.61 per cent, on the BSE.
Meanwhile, the bank said it received a certificate of excellence for outstanding performance in MSME funding.
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