UNITED BANK OF INDIA - Preferential Allotment of 8.45 crore equity shares aggregating to Rs. 300 crore

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28 Jul 2014
United Bank of India has informed BSE that the Bank has received Rs.299,99,99,991/- from Life Insurance Corporation of India and completed the preferential allotment of 8,45,07,042 equity shares of Rs.10/- each at a price of Rs.35.50 per share on date.<br/><br/>The Bank received the necessary clearance from the shareholders on June 18, 2014 and the final clearance from the Ministry of Finance on July 16, 2014.
View all announcements for UNITED BANK OF INDIA	Source: BSE India

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