Wednesday , October 20 2021

Union Bank of India jumps on raising Rs 1,447 crore through QIP

Union Bank Of India is currently trading at Rs. 37.40, up by 0.55 points or 1.49% from its previous closing of Rs. 36.85 on the BSE.

The scrip opened at Rs. 37.30 and has touched a high and low of Rs. 37.65 and Rs. 37.05 respectively. So far 466042 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 45.25 on 18-Feb-2021 and a 52 week low of Rs. 22.70 on 22-May-2020.

Last one week high and low of the scrip stood at Rs. 38.35 and Rs. 36.45 respectively. The current market cap of the company is Rs. 23737.36 crore.

The promoters holding in the company stood at 89.07%, while Institutions and Non-Institutions held 5.03% and 5.90% respectively.

Union Bank of India has raised Rs 1,447 crore through qualified institutions placement (QIP). The bank’s qualified institutions placement issue had opened on May 17, 2021 at an issue price of Rs 33.82 per share.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories – Deposits, Loans and Advances, and Remittances & Collections.

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