UCO Bank : Acquisition

यूको बैंक

UCO BANK

सम्मान आपके विश्वास का

Honours Your Trust

help of Door Step Banking (DSB) agents in 100

major Centers across the Country for offering

different financial as well as non-financial

banking services.

D

Objects

and

effects

of

Financial Investment.

acquisition

(including

but

not

limited to, disclosure of reasons

for acquisition of target entity, if

its business is outside the main

line of business of the listed

entity)

E

Brief

details

of

any

Bank's holdings in this company will be 8.33%.

governmental

or

regulatory

Therefore no approval is required.

approvals

required

for

the

acquisition

F

lndicative

time

period

for

15 working days.

completion of the acquisition

G

Nature

of

consideration

-

Cash

Consideration

of Rs.1.14

crores

whether

cash consideration or

transferred through RTGS.

share swap and details of the

same

H

Cost of acquisition or the price

Bank shall be acquiring 100 shares shares of

at which the shares are

face value Rs. 1,00,000/- each of PSB Alliance

acquired

Pvt Ltd at a total cost of Rs.1, 13,67,900.

I

Percentage

of

shareholding /

Post Investment, UCO Bank will hold 200 shares

control

acquired

and/or

of face value Rs.1,00,000/- each aggregating

number of shares acquired

8.33% of the capital of the company.

J

Brief

background

about

the

PSB

Alliance Private

Limited ("CIPL")

is a

entity acquired in terms of

private company incorporated in the year

products/line

of

business

2010 having CIN No. U74990MH2010PTC209208

acquired, date of incorporation,

and registered office is located at Mumbai.

history

of

last 3

years

turnover,

The business line of the company is to collect,

country in which the acquired

consolidate, analyze and share such data

entity has presence and any

without limitation with authorized persons on

other

significant information (in

anonymity basis at an industry level. The

brief)

company vide Special Resolution passed at the

Extra Ordinary General Meeting held on 16th

April 2021 included the business of providing

various services as may be requested by the

banks and financial services entities from time

to time, on their behalf or otherwise to their

customers, employees and other stake holders.