UCO Bank to consider raising funds on Jan 30, 2010

UCO Bank has announced that a meeting of the Board of Directors of the Bank will be held on January 30, 2010, inter alia, to decide / resolve / pass resolution by circulation on the proposal for raising 6 crore equity shares of face value of Rs. 10/- each at a suitable premium either through FPO (for which Government of India's approval received) or through QIP (subject to Government of India's approval) and to convene an Extra-ordinary General Meeting (EGM) of the shareholders to approve the proposal for raising 6 (six) crore equity shares either through FPO (for which Government of India's approval received) or through QIP (subject to Government of India's approval).

The stock closed the day at Rs.56.50, up by Rs.0.10 or 0.18%. The stock hit an intraday high of Rs.58.20 and low of Rs.56.15.

The total traded quantity was 841288 compared to 2 week average of 2679115.

Source : Equity Bulls

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