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Board of United Bank of India approves preferential issue of shares up to Rs 3000 cr

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Capital Market

At meeting held on 30 January 2018

The Board of United Bank of India has approved the proposal for issuance and allotment of equity shares of face value of Rs 10 each to the President of India acting on behalf of the Government of India and to such other person, group of persons or institutions as may be participating in the issue, aggregating up to Rs 3000 crore by Preferential Allotment under Chapter VII of the SEBI ICDR Regulations 2009.

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First Published: Jan 30 2018 | 6:10 PM IST

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