Union Bank of India approves capital plan to raise amount worth Rs 6,000 crore
.jpg)
State-owned Union Bank of India’s shares are in focus as the Board of Directors in its meeting held on 25th June, 2025, inter-alia, considered & approved the Capital Plan of the Bank to raise capital by an amount not exceeding Rs 6,000 crore, subject to:
a) Raising of equity capital not exceeding Rs 3,000 Crore in tranche(s) within the overall limit of Rs 6,000 Crore, through Public Issue (i.e. Further Public Offer) and/or Rights Issue and/or Private Placements including Qualified Institutions Placements and/or Preferential Allotment or a combination(s) thereof to any eligible institutions and/or through any other mode(s) subject to the approval of Government of India, other regulatory authorities and approval of Shareholders of the Bank.
b) Raising of Basel III compliant Additional Tier 1 (AT 1) Bonds not exceeding Rs 2,000 Crore and Tier 2 Bonds not exceeding Rs 1,000 Crore (including foreign currency denominated AT1/Tier 2 Bonds) within the overall limit of Rs 6,000 Crore, according to the exchange filing.
Shares of Union Bank of India were closed at Rs 144.59, down by 1.70% at BSE.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
