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Board of City Union Bank recommends bonus issue

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Capital Market

At meeting held on 24 May 2018

The Board of City Union Bank at its meeting held on 24 May 2018 has recommended issue of bonus shares in the ratio of 1:10 i.e., one equity share of Re. 1/- each for every ten fully paid up equity shares held as on the record date, subject to the approval of the members of the Bank. The proposal for issue of bonus shares was not part of the original agenda for the Board meeting held on 24 May 2018 and was decided during the course of the meeting.

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First Published: May 24 2018 | 11:42 AM IST

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