UCO Bank gains as its shareholders approves equity capital raising plan for FY23
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UCO Bank is currently trading at Rs. 11.46, up by 0.11 points or 0.97% from its previous closing of Rs. 11.35 on the BSE.
The scrip opened at Rs. 11.48 and has touched a high and low of Rs. 11.48 and Rs. 11.05 respectively. So far 23648 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.30 on 27-Oct-2021 and a 52 week low of Rs. 10.52 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 11.50 and Rs. 11.05 respectively. The current market cap of the company is Rs. 13570.01 crore.
The promoters holding in the company stood at 95.39%, while Institutions and Non-Institutions held 1.33% and 3.28% respectively.
UCO Bank’s shareholders have approved equity capital raising plan of the bank during the financial year FY23 through issue of up to 100,00,00,000 equity shares of Rs 10 each by way of various capital raising options at an appropriate time and premium. The bank would raise equity capital at appropriate time in the current fiscal to support growth.
UCO Bank is a commercial bank and a Government of India Undertaking. The Bank offers wide range of services includes Personal Banking, Corporate Banking, International Banking, Rural Banking and other services.
