Union Bank of India has informed the Exchange regarding 'Outcome of the Meeting of the Committee of Directors for fund raising (Non-Capital) held on March 16, 2026'.
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Union Bank of India's Committee of Directors approved raising up to ₹20,000 crore through Long-Term Bonds in one or more tranches to finance infrastructure and affordable housing projects. Of this, the bank plans to raise ₹7,500 crore before March 31, 2026, comprising a base issue of ₹3,000 crore and a green shoe option of ₹4,500 crore, with a 10-year tenor. Additionally, the bank approved issuance of Green Bonds/Sustainable Bonds of up to ₹5,000 crore in one or more tranches. The meeting was short, running from 10:00 AM to 10:20 AM. This is a non-capital (debt) fund raising exercise, meaning no equity dilution for shareholders.
No equity dilution since this is debt-based fund raising. The large bond issuance (up to ₹25,000 crore combined) will boost the bank's lending capacity in infrastructure, affordable housing, and green projects, supporting asset growth. Investors may see a positive long-term impact on the bank's loan book, though borrowing costs will depend on prevailing bond yields.