Union Bank of India has informed the Exchange regarding Outcome of Board Meeting held on May 26, 2026.
UNIONBANK · price
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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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Union Bank of India's Board of Directors approved a capital raising plan of up to ₹8,000 crore. The plan includes equity capital raising of up to ₹3,000 crore through various methods including Public Issue (FPO), Rights Issue, Private Placements (including QIP), and Preferential Allotment. Additionally, the bank will raise Basel III compliant Additional Tier 1 (AT1) Bonds and/or Tier 2 Bonds up to ₹5,000 crore, including foreign currency denominated bonds. The equity raising requires approval from the Government of India, other regulatory authorities, and shareholders. This is a routine capital adequacy exercise typical for public sector banks.
Positive for shareholders as the capital raise strengthens the bank's balance sheet and CET1 ratio. However, equity dilution may occur depending on the mode and pricing of capital raised. QIP or preferential allotments could have a minor negative impact on stock price in the short term due to potential dilution.