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Union Bank of India gains on allotting AT-1 bonds worth Rs 2000 cr

Capital Market 

Union Bank of India rose 2.85% to Rs 45.10 after the bank said that it has allotted unsecured, subordinated, non-convertible, taxable, perpetual, fully paid-up basel-III compliant additional tier- 1 (AT-1) bonds aggregating to Rs 2000 crore.

The announcement was made after market hours yesterday, 22 November 2021.

Union Bank of India is a state-run bank. The Government of India held 83.49% stake in the bank as on 30 September 2021.

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

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First Published: Tue, November 23 2021. 09:31 IST
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