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Union Bank to raise Rs 10,000 cr, including Rs 6,000 cr from stake sale

State-owned Union Bank of India on Tuesday approved a proposal to raise Rs 10,000 crore, including Rs 6,000 crore from share sale, to fund its business growth. The board approved raising equity capital not exceeding Rs 6,000 crore in tranche(s) within the overall limit of Rs 10,000 crore through public issue -- further public offer or rights issue or QIP, Union Bank of India said in a regulatory filing. This would be subject to the approval of the government, other regulatory authorities and shareholders' approval, it added. The board also approved the raising of Basel III compliant Additional Tier 1 (AT 1) Bonds not exceeding Rs 2,000 crore and Tier 2 Bonds not exceeding Rs 2,000 crore (including foreign currency denominated AT1/Tier 2 Bonds) within the overall limit of Rs 10,000 crore, it noted.
11-06-2024
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UNION BANK OF INDIA - 532477 - Book Closure For Annual General Meeting And Dividend.

Union Bank of India has informed the exchange that Register of Members & Share Transfer Books of the Bank will remain closed from 20th July,2024 to 26th July,2024 for the purpose of Annual General Meeting and Dividend.
11-06-2024
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UNION BANK OF INDIA - 532477 - Convening Of 22Nd Annual General Meeting (AGM) Of The Shareholders Of The Bank, Book Closure For The Purpose Of AGM, Payment Of Dividend And For Election Of Two Shareholder Directors.

Convening of 22nd Annual General Meeting (AGM) of the Shareholders of the Bank, Closure for the purpose of AGM, Payment of Dividend and for election of Two Shareholder Directors.
11-06-2024
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UNION BANK OF INDIA - 532477 - Board Meeting Outcome for Union Bank Of India Has Informed The Exchange Regarding Capital Plan Of The Bank At Its Board Meeting Held On Jun 11, 2024.

Union Bank of India has informed the Exchange regarding Capital Plan of the Bank at its Board meeting held on Jun 11, 2024.
11-06-2024
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UNION BANK OF INDIA - 532477 - Change In Chief Compliance Officer (CCO) Of The Bank.

Union Bank of India has informed the Exchange regarding Appointment of Shri Prafulla Kumar Samal as Chief Compliance Officer (CCO) w.e.f. 07.06.2024.
07-06-2024
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UNION BANK OF INDIA - 532477 - Board Meeting Intimation for Considering Capital Plan Of The Bank For FY 2024-25.

UNION BANK OF INDIAhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/06/2024 ,inter alia, to consider and approve Capital Plan of the Bank for FY 2024-25.
06-06-2024

Karnataka: State-Run Development Corporation Probed By CBI

Mumbai-headquartered Union Bank of India last week filed a formal complaint with the CBI in connection with embezzlement of public money of the state-run Corporation involving its MG Road branch. It had also suspended three officials.
05-06-2024
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