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State-owned UCO Bank aims to launch a qualified institutional placement to raise around INR 20 billion by March-end, Managing Director and Chief Executive Officer Ashwani Kumar said Tuesday. The bank has already held roadshows to gauge investor appetite and expects to raise the amount in a single tranche, he said. "We have received good investor feedback, we plan to do it at an opportune time," he said at a post-earnings press conference.
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