Date:31/12/2008 URL: http://www.thehindu.com/2008/12/31/stories/2008123155321400.htm

Business

UCO Bank reduces equity capital

MUMBAI: Kolkata-based UCO Bank has restructured its equity capital by reducing it by almost one-third from the current level of around Rs. 800 crore . to Rs. 549.36 crore. After the restructuring, the government holding in the bank has come down to 63.59 per cent from 74.98 per cent.