Announced Tue, 23 Jun · 18:31 IST
Board approves QIP of Rs 500 crore, declares 200 percent dividend
Fund Raising View source PDF
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AI summary
City Union Bank's board approved raising Rs 500 crore through the QIP route (including premium), to be placed before shareholders at the August 14, 2026 AGM as an enabling resolution. The board also declared a 200 percent dividend (Rs 2 per share on Rs 1 face value) for FY 2026. The dividend record date will be notified separately. The QIP proceeds will strengthen the bank's capital base to support future business growth.
Likely market impact
Capital raise may cause mild equity dilution but supports growth; 200 percent dividend rewards existing shareholders. QIP pricing will be the key trigger.