UCO Bank approves allotment of equity shares to LIC on Preferential basis

On November 29, 2016 UCO Bank has issued and allotted 7,17,00,000 equity shares of Rs. 10/- to Life Insurance Corporation of India at an issue price of Rs. 37.74 per equity shares including a premium of Rs. 27.74 on preferential basis. The above shares will be under lock-in for a period of one year from the date of trading from the Stock Exchanges i.e. NSE & BSE where the equity shares of the Bank are listed.

Shares of UCO BANK was last trading in BSE at Rs.33.65 as compared to the previous close of Rs. 33.3. The total number of shares traded during the day was 124056 in over 599 trades.

The stock hit an intraday high of Rs. 33.75 and intraday low of 33.4. The net turnover during the day was Rs. 4169074.

Source : Equity Bulls

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