UCO Bank allots 225464190 equity shares to Government of India

UCO 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 May 10, 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.

Shares of UCO BANK was last trading in BSE at Rs.37.45 as compared to the previous close of Rs. 37.45. The total number of shares traded during the day was 91398 in over 381 trades.

The stock hit an intraday high of Rs. 37.65 and intraday low of 37.05. The net turnover during the day was Rs. 3417151.

Source : Equity Bulls

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