-By Mukesh Jagota,
NEW DELHI - State-run United Bank of India
proposes to raise capital through an initial public
offering this financial year to March 31, Junior
Finance Minister Namo Narain Meena said Friday.
The bank, fully-owned by the government, will raise
funds through a sale of 50 million shares, he said in
reply to lawmakers' queries in the lower house of Parliament.
Source:dowjones
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