The State-owned UCO Bank today said it will sell 7.17 crore shares to Life Insurance Corporation (LIC) on a preferential basis, which may fetch about Rs 270 crore to the bank.
The Indian stock market closed with negative leads. The Indian Equity benchmark Sensex closed by 114.77 points to 28106.21, Nifty dropped 34.40 points to 8709.55. In Indian market Small Cap index lost 64.45 points to 13225.58, BSE Mid-Cap index dropped 76.38 points to 13540.98. Gold dropped 0.09 percent to 29,888.00, Silver lost 0.26 percent to 42,505.00. The Rupee closed lower by 0.17 paise at 66.67/ Dollar.
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