Union Bank of India allots 52,15,62,658 equity shares to Government of India

The Committee of Directors for Raising of Capital Funds (CDRCF) of Union Bank of India at its meeting held on Thursday, March 28, 2019, inter alia, considered and approved the allotment of 52,15,62,658 equity shares of face value of Rs.10 each of the Bank at an issue price of Rs. 78.84 (including a premium of Rs. 68.84) per equity share aggregating to Rs. 41,11,99,99,956.72 (Rupees Four Thousand One Hundred Eleven Crores Ninety Nine Lakh Ninety Nine thousand Nine Hundred Fifty Six and Paisa Seventy Two Only) to Government of India in accordance with the applicable provisions.

Shares of UNION BANK OF INDIA was last trading in BSE at Rs.96.55 as compared to the previous close of Rs. 93.85. The total number of shares traded during the day was 939410 in over 3230 trades.

The stock hit an intraday high of Rs. 97 and intraday low of 93. The net turnover during the day was Rs. 89941531.

Source : Equity Bulls

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