Outcome of the Meeting of Board of Directors held on May 26, 2026.
UNIONBANK · price
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Union Bank of India Board approved a capital raising plan of up to ₹ 8,000 crore. This includes equity capital of up to ₹ 3,000 crore via public issues, rights issues, private placements including QIPs, or preferential allotments. The remaining ₹ 5,000 crore will be raised through Basel III compliant Additional Tier 1 Bonds and/or Tier 2 Bonds, potentially including foreign currency denominated bonds. The plan requires approvals from the Government of India, regulatory authorities, and shareholders.
The capital raise will strengthen the bank's balance sheet and CET1 ratio, supporting future growth. Existing shareholders should note potential dilution depending on which instruments are used and whether shareholder approval is granted.