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Union Bank of India plans to raise Rs 2000 crore

Capital Market 

In first trance during FY 2017-18

of announced that the Committee of Directors for Raising of Capital Funds at its meeting held on 9 August, 2017 has resolved and approved raising of equity capital through Public Issue (FPO) and/or Right Issue and/or Private Placement including Qualified Institutional Placement for an amount up to Rs. 2000 crore in first tranche during FY 2017-18.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)