Union Bank of India has informed the Exchange regarding Outcome of Board Meeting held on May 26, 2026.

Fund Raising View source PDF Explain this filing

UNIONBANK · price

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Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹169.30

prior close

₹167.17

announcement price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.4%-0.5% vs market

Public Sector Bank peers, median of 11sector-0.5%-0.3% vs sector

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.

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AI summary

Union Bank of India's Board of Directors approved a capital plan to raise up to ₹8,000 crore. Of this, up to ₹3,000 crore will be raised through equity instruments including Further Public Offer, Rights Issue, Private Placements (including QIP), Employee Stock Purchase Scheme, or Preferential Allotment. The remaining ₹5,000 crore will be raised through Basel III compliant Additional Tier 1 Bonds and/or Tier 2 Bonds. The equity portion requires approval from the Government of India, regulatory authorities, and shareholders of the Bank. The board meeting lasted from 11:00 AM to 2:00 PM on May 26, 2026.

Likely market impact

The capital raise will strengthen Union Bank's balance sheet and CET1 ratio, supporting future lending growth. However, equity dilution through QIP or Rights Issue could impact existing shareholder value in the short term.