United Bank of India's board meeting will be held on February 10, 2015, to transact the To consider and approve the unaudited financial results of the Bank for the quarter and 9 month period ended December 31, 2014.
United Bank of India has informed BSE that a meeting of the Board of Directors of the Bank will be held on February 10, 2015, inter alia, to transact the following:1. To consider and approve the unaudited financial results of the Bank for the quarter and 9 month period ended December 31, 2014;2. To approve preferential allotment of equity to the Government of India under Chapter VII of the SEBI ICDR Regulations 2009 by conversion of 52523 nos. Perpetual Non-cumulative Preference Shares of Rs. 100,000/- each aggregating Rs. 525.23cr. subject to necessary regulatory clearances;3. To approve preferential allotment of equity to the Government of India under Chapter VII of the SEBI ICDR Regulations 2009 by issue of fresh equity shares aggregating up to Rs. 1000 cr. subject to necessary approval from the Government and regulators;4. To issue and allot up to Rs. 500cr. BASEL - III compliant Perpetual Debt Instruments in the form of subordinated, non-convertible, non-cumulative, listed, Additional Tier-1 bonds of Rs. 10,00,000/- each.Source : BSE
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