Union Bank of India is currently trading at Rs. 144.50, up by 3.10 points or 2.19% from its previous closing of Rs. 141.40 on the BSE.
The scrip opened at Rs. 144.30 and has touched a high and low of Rs. 147.50 and Rs. 144.10 respectively. So far 67,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 188.50 on 08-Oct-2015 and a 52 week low of Rs. 104.05 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 147.50 and Rs. 140.15 respectively. The current market cap of the company is Rs. 9,933.52 crore.
The promoters holding in the company stood at 63.44%, while Institutions and Non-Institutions held 25.18% and 11.38% respectively.
Union Bank of India has completed the acquisition of 49% shareholding of Union KBC Asset Management Company and Union KBC Trustee Company from KBC Participations Renta S.A. and its affiliates (KBC Asset Management NV) on September 20, 2016. Further, with this aforesaid acquisition the Union KBC Asset Management Company and Union KBC Trustee Company have become wholly owned subsidiaries of the Bank.
Union Bank of India is one of the largest government-owned banks of India. The Bank had 4,196 branches in India as on 31 March 2016 and to add to it 4 overseas branches.
