[ad_1] Shares of state-run Punjab & Sind Bank are down as much as 20% on Tuesday, April 1, along with fellow lender UCO Bank, whose shares have also declined nearly 7%. The lender on Friday announced that it has raised ₹1,219 crore by selling shares to eligible institutions as part of its Qualified Institutional Placement […]
UCO Bank raises ₹2,000 crore by selling shares mainly to LIC, SBI funds – CNBC TV18
[ad_1] State-run UCO Bank Ltd. informed the exchanges about the closure of its Qualified Institutional Placement (QIP) on Thursday, March 27. It has raised ₹2,000 crore through this exercise, as planned earlier. The lender has approved the allotment of 58.36 crore shares to eligible institutional buyers. The issue was launched on March 24. Issue price […]
UCO Bank closes QIP issue today, price set at ₹34.27 per share – CNBC TV18
[ad_1] State-owned UCO Bank Ltd on Thursday (March 27) said it has successfully closed its Qualified Institutions Placement (QIP), with the issue price set at ₹34.27 per share, including a premium of ₹24.27 over the face value of ₹10. The final price reflects a 4.99% discount to the floor price of ₹36.07. The Capital Raising […]
UCO Bank QIP opens with floor price set at Rs 36.07 per share – CNBC TV18
[ad_1] UCO Bank has announced the commencement of its qualified institutional placement (QIP), setting the floor price at ₹36.07 per share, as disclosed to exchanges on Monday, March 24. This confirms a CNBC-TV18 newsbreak from Friday, March 21. The development is pursuant to a resolution passed on June 18, which allows the bank the flexibility […]
UCO Bank defers foreign roadshows for proposed ₹2,000 crore QIP: Exclusive – CNBC TV18
[ad_1] State-run UCO Bank Ltd.’s proposed ₹2,000 crore Qualified Institutional Placement (QIP) is unlikely to take place in the current financial year, people in the know told CNBC-TV18 on Thursday, February 27. The state-run lender has deferred the foreign roadshows that were originally scheduled for February 24 and 25, sources said. UCO Bank had planned […]