Union Bank of India gets shareholders’ nod to raise Rs3,700 crore
The bank would look at raising the capital through a public share issue, or a rights issue, or even a private placement, among other options
Mumbai: State-run Union Bank of India has won shareholders’ approval to raise Rs3,700 crore ($581 million), including a capital infusion from the government, an official release said on Saturday.
The bank would look at raising the capital through a public share issue, or a rights issue, or even a private placement, among other options, the bank said in a filing to the exchange after its annual shareholders’ meeting. Reuters
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!