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The board of directors of the bank authorized and declared the opening of the issue on Monday, 24 March 2025.
The floor price of Rs 36.07 is at a discount of 5.67% to the scrip’s previous closing price of Rs 38.24 on the BSE.
The bank may, at its discretion, offer a discount of not more than 5% on the floor price so calculated for the QIP.
UCO Bank is engaged in providing a wide range of banking and financial services, including retail banking, corporate banking, and treasury operations.
The bank’s standalone net profit increased 27.04% to Rs 638.83 crore in Q3 FY25 as against Rs 502.83 crore posted in Q3 FY24. The bank’s total income grew 15.48% to Rs 7,405.89 crore in the quarter ended 31 March 2024.
Shares of UCO Bank declined 4.03% to Rs 36.70 on the BSE.
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