UCO Bank Ltd allots 44,12,70,860 equity shares

UCO Bank has this day allotted 44,12,70,860 equity shares of Rs.10/- each to Government of India on preferential basis at an issue price of Rs.31.16 per share determined in accordance with Regulation 76 (1) of SEBI ICDR Regulations, 2009 against capital contribution of Rs.1375 Crore received from Government of India on 29.12.2017.

Shares of UCO BANK was last trading in BSE at Rs.21.6 as compared to the previous close of Rs. 21.55. The total number of shares traded during the day was 58479 in over 250 trades.

The stock hit an intraday high of Rs. 21.9 and intraday low of 21.15. The net turnover during the day was Rs. 1263802.

Source : Equity Bulls

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