Equity bases News
UCO Bank to shore up equity base
Kolkata: UCO Bank is considering several options to restructure its capital base. The shareholders have authorised the bank to raise up to Rs 625 crore through Perpetual Non-Cumulative Preference Shares.
The bank will also consider other routes to strengthen equity base including follow-on offerings (FPO) and qualified institutional placements as and when specific approvals from the Government are
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