The state-run bank made the announcement after trading hours on Friday, 21 December 2012.
Meanwhile, the BSE Sensex was up 57.21 points or 0.3% at 19,299.21.
On BSE, 5,914 shares were traded in the counter as against average daily volume of 2.24 lakh shares in the past one quarter.
The stock hit a high of Rs 265.85 and a low of Rs 264.50 so far during the day. The stock had hit a 52-week high of Rs 278 on 19 December 2012. The stock had hit a 52-week low of Rs 150.10 on 30 August 2012.
The stock had outperformed the market over the past one month till 21 December 2012, jumping 15.94% compared with the Sensex's 4.23% rise. The scrip had also outperformed the market in past one quarter, surging 30.96% as against Sensex's 2.61% gain.
The large-cap state-run bank has equity capital of Rs 550.55 crore. Face value per share is Rs 10.
Union Bank of India's net profit jumped 57.3% to Rs 554.56 crore on 18.6% growth in total income to Rs 6655.66 crore in Q2 September 2012 over Q2 September 2011.
The Government of India (GoI) holds 54.35% stake in Union Bank of India (as per the shareholding pattern as on 30 September 2012).
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