United Bank of India fixes IPO price band at Rs 60-66

The price band for the upcoming IPO of United Bank of India is fixed at Rs.60/- to Rs.66/- per equity share. The IPO consists of 50,000,000 Equity Shares, having a Face Value of Rs.10/- each. The IPO will open on February 23, 2010 and close on February 25, 2010

United Bank of India is a public sector banking institution. The Bank is currently wholly-owned by the Government of India. United Bank of India is one of the 14 banks which were nationalised on July 19, 1969

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