UCO Bank to consider raising ₹2,600 crore through preferential issue
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The board of UCO Bank will consider issuance of equity shares against capital infusion of ₹2,600 crore from the central government.
“The proposal for preferential allotment of equity shares to Government of India against capital contribution of ₹2600 crore will be placed before the Board of Directors through circular resolution on or after April 7, 2021,” the bank said in a notification to stock exchanges on Thursday.
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