UCO Bank plans FPO to raise Rs 225cr

UCO Bank plans FPO to raise Rs 225cr

BS Reporter / New Delhi October 08, 2007

Kolkata based, UCO Bank is likely to come out with a follow-on public offer in the last quarter of the current fiscal or the first quarter of the next fiscal.

The public sector bank is likely to add Rs 200-225 crore to the paid-up capital through the public offer.

S K Goel, CMD, UCO Bank said: "The bank plans to dilute government