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Union Bank of India gains on planning to raise fund through various modes

23 Nov 2020 Evaluate

Union Bank Of India is currently trading at Rs. 25.60, up by 0.05 points or 0.20% from its previous closing of Rs. 25.55 on the BSE.

The scrip opened at Rs. 25.40 and has touched a high and low of Rs. 26.00 and Rs. 25.40 respectively. So far 198486 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.70 on 29-Nov-2019 and a 52 week low of Rs. 22.60 on 20-May-2020.

Last one week high and low of the scrip stood at Rs. 26.00 and Rs. 24.85 respectively. The current market cap of the company is Rs. 16401.52 crore.

The promoters holding in the company stood at 89.07%, while Institutions and Non-Institutions held 5.44% and 5.49% respectively.

Union Bank of India is planning to raise fund by way of various modes such as Public Issue (i.e. Follow-on Public Offer) and/or Rights Issue and/or Private Placements, including Qualified Institutions Placement and/or Preferential Allotment to the Government of India and/or other institutions and/or through any other mode(s) subject to approval of the Government of India and other regulatory authorities. The meeting of Board of Directors of the Bank is scheduled to be held on November 25, 2020, inter-alia, to consider & approve holding of Extraordinary General Meeting of the shareholders of the Bank to approve raising of equity capital.

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.

Union Bank Of India Share Price

189.65 0.75 (0.40%)
20-Apr-2026 11:21 View Price Chart
Peers
Company Name CMP
SBI 1115.50
PNB 114.65
Canara Bank 143.90
Bank Of Baroda 284.75
Union Bank Of India 189.65
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