New Launch20 Feb 2024, 11:11 pm
Union Bank of India to Raise Up to ₹3000 Crore through Qualified Institutional Placement
AI Summary
The bank has approved the raising of funds for an amount not exceeding ₹3000 crore through issue of equity shares through Qualified Institutional Placement, subject to regulatory approvals. The issue will open on February 20, 2024, and the floor price has been set at ₹142.78 per equity share.,
Key Highlights
- Raising of ₹3000 crore through Qualified Institutional Placement
- Floor price set at ₹142.78 per equity share
- Issue to open on February 20, 2024