UCO Bank — Important, 27-03-2025: General Updates

UCO Bank has announced a board meeting to approve the allotment of 583,600,803 equity shares at ₹34.27 each, raising approximately ₹2,000 crore through a Qualified Institutional Placement (QIP). This move increases the bank's paid-up equity share capital to ₹12,539.56 crore. The QIP was open from March 24 to March 27, 2025, highlighting active capital management. Key institutional investors, including LIC and ICICI Prudential, secured significant allocations. This capital infusion may enhance the bank's growth prospects and strengthen its financial standing, potentially generating a positive outlook among investors.