Union Bank of India Board to Consider Capital Raising on May 26, 2026

Union Bank of India has scheduled a board meeting on May 26, 2026, to consider and approve a capital plan. The plan includes raising equity capital through various methods such as public issue (Further Public Offer), rights issue, private placements (including Qualified Institutions Placement), Employee Stock Purchase Scheme (ESPS), preferential allotment, or a combination thereof. The board will also consider issuing Basel III compliant Additional Tier 1 Bonds & Tier 2 Bonds, including foreign currency denominated bonds, through private placements, subject to regulatory approvals.