New Delhi, Feb 3 (PTI) Public sector UCO Bank today said its board will meet on February 9 to discuss issuing equity shares to the government in lieu of capital infusion of Rs 5,132 crore.Also Read - Dengue Cases in Delhi Crosses 1,000 Mark This Year, 280 Reported Last Week
In a BSE filing, UCO Bank said the government has said it will infuse Rs 6,507 crore into the lender in current fiscal to improve capital adequacy. This includes Rs 1,375 crore capital already received on December 29, 2017. Also Read - India vs England Highlights T20 World Cup Warm-Up Match: Ishan Kishan, KL Rahul Guide India to a 6-Wicket Victory Over England
“The board of the bank will consider the proposal for issue of equity share on preferential basis to Government of India against the proposed additional capital infusion of Rs 5,132 crore in the ensuing meeting scheduled to be held on February 9,” it said. Also Read - Delhi Govt Launches New E-Portal For Self-Assessment of Dust Control Norms | Details Here
This is published unedited from the PTI feed.