UCO Bank allots over 203 cr preferential shares to govt for Rs 2,600 cr capital infusion

2021-05-28 21:57:58

NEW DELHI: on Friday said it has allotted over 203 crore preferential shares to the government in lieu of Rs 2,600 crore capital infusion for 2020-21.

“We hereby inform that the competent authority this day allotted 203,76,17,554 equity shares of Rs 10 each to Government of India at an issue price of Rs 12.76 per share against capital contribution of Rs 2,600 crore received by the Bank on 31.03.2021,” UCO Bank said in a BSE filing.


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