At meeting held on 02 February 2018
The Board of Union Bank of India has approved the following at its meeting held on 02 February 2018 -Review of Capital Plan for FY 2017-18.
Increase in total capital to be raised from up to Rs 6350 crore to up to Rs 8024 crore in form of equity capital/AT 1Capital / Tier II during the year 2017-18.
Increase in equity capital to be raised from up to Rs 4950 crore (within overall capital raising limit of Rs 6350 crore) to up to Rs 6524 crore (within overall capital raising limit of Rs 8024 crore) by way of public issue and/or rights issue and/or private placement, including QIPs and/or preferential allotment to Govt. of India in FY 2017-18.
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