United Bank of India IPO : Files for DRHP with SEBI

by khalid on 02/01/2010 · 1 comment

United Bank of India, is government-owned and one of India’s major commercial banks.The bank informed the market (BSE) that they have filed papers (DRHP) to SEBI for their forthcoming IPO. The bank is hoping to float IPO in Feb 2010.

The Public sector undertaking, United Bank of India is going to raise Rs 50 crore through this proposed IPO. The government’s stake in the bank would come down to 84 per cent, from the current level of 100 per cent after this IPO.

Presently, UBI is one of the two public sector banks that are not listed. The other bank is Punjab & Sind Bank.

Related Posts Plugin for WordPress, Blogger...

Leave a Comment

{ 1 trackback }

Previous post:

Next post: