At meeting held on 30 June 2021
The Board of Union Bank of India at its meeting held on 30 June 2021 has approved:Capital Plan of the Bank to raise capital funds by an amount not exceeding Rs.9,700 crore, subject to:
a) raising of equity capital not exceeding Rs. 3,500 crore, within the overall limit of Rs. 9,700 crore, through Public lssue (i.e. Follow-on Public Offer) and/or Rights Issue and/or Private Placements, including Qualified Institutions Placements and/or Preferential Allotment to the Government of India and/or other institutions and/or through any other mode(s); and or,
b) raising of AT 1 and/or Tier 2 bonds not exceeding Rs. 6,200 crore within the overall limit of Rs.9,700 crore.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
