CUBBSECity Union Bank LtdHighPositive
Announced Tue, 23 Jun · 18:20 IST

CUB fixes Aug 14 AGM, declares 200% dividend, plans Rs 500 cr QIP

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Price reaction · full curve 14 horizons · vs prior close
+1.5%1-day move
₹197.15
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₹199.50
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AI summary

City Union Bank board fixed August 14, 2026 as AGM date and declared 200 percent dividend at Re 2 per share on Re 1 face value, with record date July 31, 2026. Board also approved enabling resolution to raise Rs 500 crore through Qualified Institutions Placement, subject to shareholder approval at the AGM.

Likely market impact

Shareholders get Rs 2 per share dividend. Rs 500 cr QIP plan may dilute equity if priced below market value.