UCO Bank board approves plan to raise up to Rs.1000 crore

UCO Bank board approves plan to raise up to Rs.1000 crore

On January 3, 2023, the board of directors of UCO Bank (NSE: UCOBANK) approved a proposal to raise up to Rs.1000 crore in Tier I capital through the issuance of Additional Tier I Bonds in one or more tranches until the end of fiscal year 24 (ending March 31, 2024).

In trading on the Bombay Stock Exchange, UCO Bank’s shares were last priced at Rs.31.35, down from their previous close of Rs.31.50.

A total of 4,135,103 shares were traded throughout the day in over 5,999 transactions, with an intraday high of Rs.32.10 and a low of Rs.31.10. The net turnover for the day was Rs.130,351,364.00.

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