Union Bank follow-on issue opens on Feb 15

Union Bank of India announced its follow-on public issue of shares comprising 4.5 crores shares of Rs.10 each for cast at a premium to be decided through book-building route.

The issue opens on February 15 and closes on February 21. The price band for the issue would be announced on February 14 and the government stake would come down to 55.43% after this issue.

The stock closed on Thursday at a price of Rs.121.5.

Source : Equity Bulls

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