City Union Bank Ltd to consider QIP issue on June 22, 2012

A meeting of the Board of Directors of City Union Bank Ltd will be held on June 22, 2012, to consider an enabling resolution for augmentation of capital through a process of Qualified Institutional Placement (QIP) that is proposed to be placed before share holders for their approval at the ensuing Annual General Meeting subject to the applicable laws and regulations including guidelines issued by RBI & SEBI.

The City Union Bank Ltd stock was trading at Rs.48.40, up by Rs.0.65 or 1.36%. The stock hit an intraday high of Rs.49 and low of Rs.47.75.

The total traded quantity was 0.31 lakhs compared to 2 week average of 0.36 lakhs.

Source : Equity Bulls

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