Uco Bank plans to come Public Issue with a price band of Rs.40-50

As per the latest reports Govt PSU Bank Uco Bank(Cmp:Rs.40.35) is planning to raise Rs.500-600 crore via public issue by offering shares with a premium of Rs.40-50 per share in this financial year. The Govt is having a stake of 63.59 in Uco Bank, it will come down to 52 percent post issue. Uco Bank is having capital adequacy ratio 11.95 at March 31st 2009.(thebullishtrends)