Epic Update: United Bank of India

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Epicresearch

Asha Soni
United Bank of India is mulling to raise capital up to Rs 750 crore through issuance of perpetual debt instruments and/or unsecured subordinated non-convertible Tier-II Bonds, and up to 10 crore equity shares of Face Value of Rs 10 each at a premium to be decided subsequently, in the form of rights issue or follow-on public offering.

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