United Bank of India completes allotment of 18,00,41,152 Equity Shares

Pursuant to Special Resolution passed at the Extraordinary General Meeting of the Bank held on December 23, 2013, United Bank of India has completed the allotment of 18,00,41,152 (Eighteen Crore Forty One Thousand One Hundred and Fifty Two) equity shares of the Bank to "President of India" on December 24, 2013 upon receipt of the entire application money.

Shares of United Bank of India was last trading BSE at Rs.31.95, down by Rs.0.15 or 0.47%. The stock hit an intraday high of Rs.31.50 and intraday low of Rs.30.95.

The total traded quantity was 1.33 lakh shares as compared to 2 week average of 0.72 lakh shares.

Source : Equity Bulls

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