Outcome of the Meeting of Board of Directors held on May 26, 2026.
UNIONBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts less than Nifty 100 and 0.3 pts less than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Union Bank of India's Board approved a capital raising plan of up to ₹ 8,000 crore. The plan includes raising equity capital of up to ₹ 3,000 crore through methods such as Further Public Offer, Rights Issue, Private Placements including Qualified Institutions Placements (QIP), Employee Stock Purchase Scheme, or Preferential Allotment. Additionally, the bank plans to raise Basel III compliant Additional Tier 1 (AT1) Bonds and/or Tier 2 Bonds up to ₹ 5,000 crore, which may include foreign currency denominated bonds. The equity portion requires approval from the Government of India, regulators, and shareholders.
This capital raise will strengthen Union Bank's balance sheet and CET1 ratio, supporting future lending growth. For shareholders, dilution risk exists if equity is raised via FPO or rights issue, while AT1 bond investors should monitor yield offers.