As capital infusion for FY 2017
Union Bank of Indian announced that the Bank has received a sum of Rs. 541 crore as capital infusion in the form of share application money from the Government of India for the said preferential allotment of Equity Shares on 31 March 2017. Allotment of the Equity Shares to Government of India will be done on receipt of approval of Central Government under section 3(2-B)(c) of the Banking Companies (Acquisition and Transfer of Undertaking) Act, 1970.Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content