HDFC Mutual Fund has bought 52.48 lakh shares of City Union Bank through open market route. The shares were purchased on an average price of Rs 149.20 valuing the transaction to Rs 78.30 crore. On the other hand, Ruane Cunnif & Co INC A/C Acacia Partners LP has sold 49.43 lakh shares of the bank for an average price of Rs 149.20 through open market route.
City Union Bank offers a suite of products across deposits, loans, investment solutions, payments and cards. The Bank operates in four segments, which includes Corporate/Wholesale banking, Retail Banking, Treasury and Other Banking Operations. The Bank offers services, such as internet banking, mobile banking, including online funds transfer and fixed deposit operations.