Breaking News

You are here » Indian-Commodity  :  Equity & Shares  :  United Bank of India moves up on raising Rs 100 crore on private placement basis

28-Dec2017

United Bank of India moves up on raising Rs 100 crore on private placement basis

United Bank of India is currently trading at Rs. 17.85, up by 0.35 points or 2.00% from its previous closing of Rs. 17.50 on the BSE.

The scrip opened at Rs. 17.55 and has touched a high and low of Rs. 17.85 and Rs. 17.50 respectively. So far 12970 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 29.25 on 07-Feb-2017 and a 52 week low of Rs. 16.90 on 18-Dec-2017.

Last one week high and low of the scrip stood at Rs. 17.80 and Rs. 17.00 respectively. The current market cap of the company is Rs. 2741.00 crore.

The promoters holding in the company stood at 86.81%, while institutions and non-institutions held 8.32% and 4.87% respectively.

United Bank of India has concluded issuance and allotment of 1000 units of 11% unsecured, subordinated, fully paid up, non-convertible, listed, BASEL - III compliant, Perpetual Debt Instruments (Series IV), in the nature of debenture for inclusion in Additional Tier-1 capital of face value of Rs 10 Iakh each (Bonds) aggregating Rs 100 crore on private placement basis, on December 27, 2017.

The issue was fully subscribed by 3 investors. The bonds are proposed to be listed in the wholesale debt segment of BSE.

United Bank of India is one of the 14 major banks which were nationalized on July 19, 1969. After nationalization, the Bank expanded its branch network in a big way and actively participated in the developmental activities, particularly in the rural and semi-urban areas in conformity with the objectives of nationalization.


Related News

View all news

L&T trades higher on the bourses

Larsen & Toubro (L&T) is currently trading at Rs. 1230.75, up by 6.40 points or 0.52 % from its previous closing of Rs. 1224.35 on the BSE.The scrip opened at Rs. 1233.05 and has......

CRISIL shines on reporting 30% rise in Q3 consolidated net profit

CRISIL is currently trading at Rs. 1624.20, up by 26.75 points or 1.67% from its previous closing of Rs. 1597.45 on the BSE.The scrip opened at Rs. 1607.95 and has touched a high and low of Rs. 1628.70......

Infosys surges on crossing $2 billion large deal signings in Q2 FY19

Infosys is currently trading at Rs. 708.60, up by 12.20 points or 1.75% from its previous closing of Rs. 696.40 on the BSE.The scrip opened at Rs. 707.00 and has touched a high and low of Rs. 721.00 and......

Top News

View all news

Hero MotoCorp achieves best ever sales performance in Q2 FY19

Hero MotoCorp has achieved its best-ever sales performance for the second quarter of any financial year, selling 21,34,051 units of two-wheelers in Q2 FY19.For the period April-September 2018, Hero MotoCorp......

Mahindra CIE Automotive reports 74% rise in Q3 net profit

Mahindra CIE Automotive has reported results for third quarter ended September 30, 2018.The company has reported 73.80% rise in its net profit at Rs 42.58 crore for the quarter under review as compared......

Infosys crosses $2 billion large deal signings in Q2 FY19

Infosys has crossed $2 billion large deal signings in Q2 FY19. Besides, the company's digital revenues stood at $905 million in Q2 FY19 (31.0% of total revenues), year-on-year growth of 33.5% and sequential......