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UCO Bank to issue 9.35B rupees of shares to Indian government
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UCOBank said March 28 that it plans to sell 9.35 billion Indian rupeesof equity shares to the Indian government on a preferential basis to raisecapital.
The plan is still subject to the approval of shareholdersand other authorities.
As of March 28, US$1was equivalent to 66.58 Indian rupees.