Union Bank of India Ltd follow-on public issue closes tomorrow

Union Bank of India Ltd´s follow-on Public Issue of equity shares of Rs.10 each for cash at a price band of Rs.100 to Rs.110 per share closes tomorrow (February 21, 2006). The issue consists of fresh issue of 45,000,000 equity shares.

The issue opened on February 15, 2006 and has got subscribed for 5.02 times till 5 PM today. The Qualified Institutional Buyers (QIBs) portion has got subscribed for 10.1456 times, Non Institutional Investors portion for 1.7311 times, Retail portion for 0.6473 times and Employees quota has evoked only 0.1833 times.

Source : Equity Bulls

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