United Bank falls 3% on deferring amalgamation talks with PNB

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The share touched its 52-week high Rs 13.25 and 52-week low Rs 9.05 on 01 January 2019 and 08 October 2018, respectively.




Shares of United Bank of India declined nearly 3 per cent in the early trade on September 5 after the bank decided not to discuss amalgamation with Punjab National Bank (PNB) on September 6 board meeting.

The board of directors of the company will not be deliberating on the said amalgamation with PNB in the meeting to be held on September 6, 2019.

The board will discuss the matter on a later date, the intimation of which shall be given to the exchanges in due course, it added.

At 0931 hrs, United Bank of India was quoting at Rs 9.90, down Rs 0.26, or 2.56 per cent on the BSE.

The share touched its 52-week high of Rs 13.25 and its 52-week low of Rs 9.05 on 1 January 2019 and 8 October 2018, respectively.

Currently, it is trading 25.51 per cent below its 52-week high and 9.06 per cent above its 52-week low.



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