Union Bank of India has informed the Exchange about General Updates - Disclosures pertaining to investment in ASREC (I) Ltd
UNIONBANK · price
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Union Bank of India has made an additional investment of ₹22.64 Crores in ASREC (I) Ltd, a joint venture company of the Bank. Following this investment, the Bank's shareholding in ASREC (I) Ltd increased from 26.02% to 27.30%. The disclosure has been made in compliance with SEBI (LODR) Regulations, 2015. The filing was signed by Company Secretary Ashish Mishra and submitted to both BSE and NSE on May 12, 2026.
This represents a modest increase in Union Bank's stake in its joint venture, reflecting the bank's continued commitment to its subsidiary. It does not directly impact Union Bank's stock but signals active capital deployment in group companies.