City Union Bank Ltd to consider QIP on June 22, 2015

The Board of Directors of City Union Bank Ltd, at its meeting to be held on June 22, 2015, will consider an agenda item to seek shareholders approval for passing an enabling resolution to raise capital through QIP route during the forthcoming Annual General Meeting subject to applicable laws, Rules and Regulations including the guidelines issued by SEBI and RBI.

The Bank as a practice since the year 2009 continues to seek the shareholders approval for raising capital through QIP. The Bank has raised capital through QIP issue recently during July 2014.

Shares of CITY UNION BANK LTD. was last trading in BSE at Rs.101.1 as compared to the previous close of Rs. 100.55. The total number of shares traded during the day was 30176 in over 296 trades.

The stock hit an intraday high of Rs. 102.2 and intraday low of 99.25. The net turnover during the day was Rs. 3041950.

Source : Equity Bulls

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