UCO Bank allots equity shares to LIC of India

On preferential basis

UCO Bank announced that on 29 November 2016, the Bank has issued and allotted 7,17,00,000 equity shares of Rs. 10/- to Life Insurance Corporation of India at an issue price of Rs. 37.74 per equity shares including a premium of Rs. 27.74 on preferential basis. The above shares will be under lock-in for a period of one year from the date of trading from the Stock Exchanges i.e. NSE & BSE where the equity shares of the Bank are listed.

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