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On 07 December 2017Union Bank of India announced that the Committee of Directors for Raising of Capital Funds of the Bank in its meeting held on 07 December 2017 approved the following -
Approval and adoption of preliminary placement document dated 07 December 2017 for issue of equity shares to Qualified Institutional Buyers.
Authorising the opening of QIP issue on 07 December 2017.
Approved the floor price for the issue at Rs 162.79 per share and Relevant Date for the purpose of issue as 07 December 2017.
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