24 Jul, 12:34 - Indian

SENSEX 79888.13 (-0.67)

Nifty 50 24339.1 (-0.57)

Nifty Bank 50871.1 (-1.75)

Nifty IT 40076.55 (0.08)

Nifty Midcap 100 56646.85 (0.64)

Nifty Next 50 71742.15 (0.15)

Nifty Pharma 20859.3 (0.50)

Nifty Smallcap 100 18616.75 (1.18)

24 Jul, 12:34 - Global

NIKKEI 225 39154.85 (-1.11)

HANG SENG 17284.93 (-1.06)

DOW JONES 40358.09 (-0.14)

S&P 5555.74 (-0.16)

Login/Signup

Hot Pursuit News

You are Here : Home > News > Hot Pursuit News >

(11 Jun 2024, 16:29)

Union Bank of India board OKs raising Rs 10,000 crore capital via equity and debt issue

Union Bank of India said that its board of directors, at the meeting held today (11 June, 2024) has approved a proposal to raise funds aggregating to Rs 10,000 crore.

The board of the public sector bank has approved raising of equity capital not exceeding Rs 6,000 crore, in tranche(s), through public issue (i.e. further public offer) and/or rights issue and/or private placements including qualified institutions placements and/or preferential allotment or a combination(s) thereof to any eligible institutions and/or through any other mode(s) subject to necessary approvals.

The board has also accorded its approval to raising Basel-III compliant Additional Tier-1 (AT-1) bonds not exceeding Rs 2,000 crore and Tier-2 bonds not exceeding Rs 2,000 crore (including foreign currency denominated AT1/Tier-2 Bonds).

Union Bank of India is engaged in the business of treasury operations, corporate and wholesale banking, retail banking operations and other b...

More News