Union Bank of India has sold its entire stake of 10% (1,40,00,000 unlisted equity shares) in Experian Credit Information Company of India (Experian Credit Information) on January 30, 2018.
Recently, the bank had raised funds through Qualified Institutional Placement (QIP). The offer of QIP was oversubscribed and the bank has issued 12.93 crore shares aggregating to Rs 2,000 crore.
Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections. Its segments include treasury operations, corporate & wholesale banking, retail banking and other banking operations.
