Union Bank of India Board approves fund raising plan

The Board of Directors of Union Bank of India in its meeting held on December 27, 2012 have approved the proposal to issue equity capital of bank by way of preferential allotment/ qualified institutional placements/Rights Issue, subject to necessary approvals.

The Union Bank of India stock closed the day at Rs.270.45, up by Rs.1.65 or 0.61%. The stock hit an intraday high of Rs.272.95 and low of Rs.268.90.

The total traded quantity was 1.41 lakhs compared to 2 week average of 1.97 lakhs.

Source : Equity Bulls

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