UCO Bank has made a preferential allotment of 87,916,343 (over 8.79 crore) shares to the Government of India. The allotment is against the proposed equity infusion of Rs 681 crore (at Rs 77.46 per share) requested by the bank to the Centre.
The decision was taken at an extraordinary general meeting of shareholders held in Kolkata on March 4, said a UCO Bank statement to stock exchanges.
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Published on March 6, 2013
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