City Union Bank Ltd to seek shareholders nod for Rs. 500 crore QIP

The Board of Directors of City Union Bank Ltd at its meeting held on June 22, 2015 finalized the Agenda for Annual Shareholders meeting to be held in the month of August 2015. It is also resolved to seek shareholders approval for an enabling resolution to raise equity capital including premium upto Rs. 500 crore through Qualified Institutions Placement (QIP) as and when necessary subject to the applicable laws and regulations including the guidelines issued by SEBI and RBI.

Shares of CITY UNION BANK LTD. was last trading in BSE at Rs.101.4 as compared to the previous close of Rs. 101.55. The total number of shares traded during the day was 26609 in over 197 trades.

The stock hit an intraday high of Rs. 103 and intraday low of 101.2. The net turnover during the day was Rs. 2709211.

Source : Equity Bulls

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