Union Bank of India has informed that the bank after receipt of an amount of Rs. 6,50,30,32,591 from Life Insurance Corporation of India has allotted 2,62,16,620 equity shares of the face value of Rs. 10 each at a premium of Rs. 238.05 to Life Insurance Corporation of India - LIC LIFE fund on preferential basis.
The above information is part of company’s filing submitted to the BSE.