Nov 30, 2016, 07.48 AM | Source: PTI
Public sector UCO Bank has raised Rs 270.59 crore by issuing over 7 crore shares to LIC on preferential basis.
"Bank has issued and allotted 7,17,00,000 shares of Rs 10 each to Life Insurance Corporation of India at an issue price of Rs 37.74 per share, including a premium of Rs 27.74 on preferential basis," it said in a regulatory filing.
The above shares will be under lock-in for one year from the date of trading from the stock exchanges -- NSE and BSE -- where the shares of the bank are listed, it added.
The stock closed 1.05 per cent higher at Rs 33.65 on BSE.
State-run UCO Bank has written to LIC requesting i
Finance Minister Arun Jaitley announced an allocat
Public lender UCO Bank's net loss narrowed by a hu
UCO Bank has informed BSE that meeting of the Boar