UCO Bank awaits right timing for fund-raise, to seek SEBI extension on dilution

UCO Bank awaits right timing for fund-raise, to seek SEBI extension on dilution https://www.taxtmi.com/news?id=67690 UCO Bank will seek a SEBI extension on the minimum public shareholding requirement as the government likely will not dilute its stake to 25% by the August 1, 2026 deadline. The bank is evaluating capital-raising options-QIP and OFS-with the board approving a QIP up to Rs 2,700 crore and the government deciding any OFS size. Management reported improved profitability, margins and asset quality, maintained 12-14% credit growth guidance, and highlighted retail strength alongside a selectively pursued corporate loan pipeline. en-us Sat, 17 Jan 2026 18:31:03 +0530 Sat, 17 Jan 2026 18:31:03 +0530 TaxTMI RSS Generator UCO Bank awaits right timing for fund-raise, to seek SEBI extension on dilution https://www.taxtmi.com/news?id=67690 UCO Bank will seek a SEBI extension on the minimum public shareholding requirement as the government likely will not dilute its stake to 25% by the August 1, 2026 deadline. The bank is evaluating capital-raising options-QIP and OFS-with the board approving a QIP up to Rs 2,700 crore and the government deciding any OFS size. Management reported improved profitability, margins and asset quality, maintained 12-14% credit growth guidance, and highlighted retail strength alongside a selectively pursued corporate loan pipeline. News - Sat, 17 Jan 2026 18:31:03 +0530 https://www.taxtmi.com/news?id=67690