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Business News/ Companies / Union Bank of India gets shareholders’ nod to raise Rs3,700 crore
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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

Photo: Hindustan TimesPremium
Photo: Hindustan Times

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

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Published: 27 Jun 2015, 04:48 PM IST
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