Union Bank of India approves allotment of 1,65,98,02,538 shares

The Committee of Directors for Raising of Capital Funds (CDRCF) of Union Bank of India at its meeting held on Saturday, November 30, 2019, considered and approved the allotment of 1,65,98,02,538 (One Hundred Sixty Five Crores Ninety Eight Lakhs Two Thousand Five Hundred Thirty Eight) equity shares of face value of Rs.10 each of the Bank at an issue price of Rs. 70.90 (including a premium of Rs. 60.90) per equity share aggregating to Rs. 1,17,67,99,99,944.20 (Rupees Eleven Thousand Seven Hundred Sixty Seven Crores Ninety Nine Lakhs Ninety Nine Thousand Nine Hundred Forty Four and Twenty Paisa Only) to Government of India in accordance with the applicable provisions.

Shares of UNION BANK OF INDIA was last trading in BSE at Rs.63.05 as compared to the previous close of Rs. 64.8. The total number of shares traded during the day was 1198702 in over 3118 trades.

The stock hit an intraday high of Rs. 65.7 and intraday low of 62.5. The net turnover during the day was Rs. 77067715.

Source : Equity Bulls

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