Centre infuses ₹775 cr in UCO Bank

UCO Bank has received ₹775 crore as capital infusion from the Central government. The infusion was made via preferential allotment of equity shares. “The bank has received ₹775 crore from the Centre towards preferential allotment of 18,69,72,255 equity shares of ₹10 each at a price of ₹41.45 per share,” the lender said in a notice to the bourses.