United Bank of India approves preferential allotment to LIC

The Board of Directors of United Bank of India at its meeting held on November 07, 2016, has approved Preferential Allotment of equity to Life Insurance Corporation of India or any fund(s) thereof up to Rs.300 cr.

Shares of UNITED BANK OF INDIA was last trading in BSE at Rs.20.45 as compared to the previous close of Rs. 20.9. The total number of shares traded during the day was 112511 in over 460 trades.

The stock hit an intraday high of Rs. 20.75 and intraday low of 18.15. The net turnover during the day was Rs. 2217850.

Source : Equity Bulls

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