 "Union Bank of India set to raise Rs 2,000 crore")
The state-owned lender's committee of directors at its meeting today approved the capital raising issue.
"The committee... Has resolved and approved raising of equity capital through public issue (follow-on public offer) and/or rights issue and/or private placement, including qualified institutional placement for an amount of up to Rs 2,000 crore in first tranche during 2017-18," the bank said in a regulatory filing.
The stock today closed 0.53 per cent down at Rs 141.75 on the BSE.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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