Union Bank of India announced that the Government of India has conveyed its decision to invest Rs. 6,216 crores in the equity shares of the Bank by way of preferential allotment. The said amount of Rs. 6,216 crores has been remitted by the Government of India today i.e. on 27 September 2019 and the same is being maintained by the Bank as 'Share Application Money pending allotment'.
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