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United Bank of India.

BSE: 533171 Sector: Financials
NSE: UNITEDBNK ISIN Code: INE695A01019
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Board Meeting Intimation for Considering Amalgamation And Raising Of Equity Capital

September 13, 2019, 6:37 pm | Source: BSE | Downlaod PDFDownload PDF

UNITED BANK OF INDIAhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/09/2019 inter alia to consider and approve i) amalgamation of United Bank of India Oriental Bank of Commerce and Punjab National Bank; and
ii) raising of equity capital in one or more tranches up to Rs. 3000crore (Rupees Three Thousand Crore) by way of preferential allotment of equity shares under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018 subject to necessary approvals.