United Bank of India raises Rs. 500 crore on private placement basis

The Board of Directors of the United Bank of India vide resolution passed by circulation on July 12, 2017, approved issuance and allotment of Unsecured, BASEL III Complaint, Listed, Tier-2 Bonds in the form of Promissory Note of the Face Value of Rs.10 lac each, with or without a Green Shoe Option, aggregating up to Rs. 500 crore on private placement basis.

Shares of UNITED BANK OF INDIA was last trading in BSE at Rs.19.8 as compared to the previous close of Rs. 19.8. The total number of shares traded during the day was 70946 in over 278 trades.

The stock hit an intraday high of Rs. 20.2 and intraday low of 19.6. The net turnover during the day was Rs. 1408970.

Source : Equity Bulls

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