United Bank of India has issued and allotted 23,24,45,520 (Twenty three crore twenty four lac forty five thousands five hundred twenty only) equity shares of Rs. 10/- each for cash at an issue price of Rs. 20.65/- (Rupees Twenty Paise sixty five only) per equity share including premium of Rs. 10 65 (Rupees Ten and Paise sixty five only) per share determined in accordance with Regulation 76 (1) of SEBI ICDR Regulations 2009 on preferential basis to Government of India against capital infusion of Rs.480 crore.
The equity shares so allotted shall rank pari pasu with existing equity shares of the Bank.
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