United Bank of India profits on making plans to elevate equity capital up to Rs 1500 crore

United Bank of India profits on making plans to elevate equity capital up to Rs 1500 crore

by admin- Tuesday, May 7th, 2019 04:01:53 PM

United Bank of India is presently buying and selling at Rs. 10.Ninety five, up via 0.04 factors or 0.37% from its previous closing of Rs. 10.91 on the BSE.

The scrip opened at Rs. 10.99 and has touched a high and occasional of Rs. 10.Ninety nine and Rs. 10.90 respectively. So a ways 9442 shares have been traded at the counter.

The BSE group ‘B’ inventory of face fee Rs. 10 has touched a fifty two week high of Rs. 13.25 on 01-Jan-2019 and a fifty two week low of Rs. Nine.05 on 08-Oct-2018.

Last one week excessive and low of the scrip stood at Rs. Eleven.10 and Rs. 10.86 respectively. The contemporary marketplace cap of the enterprise is Rs. 8096.43 crore.

The promoters retaining in the enterprise stood at ninety six.83%, while Institutions and Non-Institutions held 1.Fifty two% and 1.65% respectively.

United Bank of India is making plans to elevate fairness capital up to Rs 1500 crore in a single or greater tranches at some point of modern the monetary 12 months by using manner of Qualified Institutions Placement, Public Issue, Rights Issue or such different capital issues(s) under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The meeting of the Board of Directors of the Bank will be held on May thirteen, 2019, to remember the equal.

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