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Union Bank of India raises Rs 1,447 crore through QIP

21 May 2021 Evaluate

Union Bank of India has raised Rs 1,447 crore through qualified institutions placement (QIP). The bank's qualified institutions placement issue had opened on May 17, 2021 at an issue price of Rs 33.82 per share.

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.

Peers
Company Name CMP
State Bank Of India 982.50
PNB 116.70
Bank Of Baroda 235.25
Canara Bank 124.95
Union Bank Of India 180.00
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