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Government to make capital infusion of Rs 2,159 crore in Union Bank of India

28 Dec 2018 11:18 AM by Bhupendra Singh Chundawat

Government of India will make a capital infusion of Rs 2,159 crore in the equity capital of Union Bank of India by Preferential Allotment. The Bank proposes to secure the shareholders’ approval to the proposed preferential allotment by a Special Resolution by convening an Extraordinary General Meeting. Union Bank of India is one of the … Read more

Union Bank of India to raise capital up to Rs 600 crore through issue of equity shares

13 Nov 2018 2:35 PM by Bhupendra Singh Chundawat

Union Bank of India has received an approval to raise capital through issue of Equity Shares up to Rs 600 crore (including premium, if any) in one or more tranches to its employees under Employee Share Purchase Scheme (ESPS). The Board of Directors of the Bank at their meeting held on November 12, 2018, approved … Read more