Union Bank Of Indiahas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2026 ,inter alia, to consider and approve Prior Intimation of Meeting ....
UNIONBANK · price
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Union Bank of India has scheduled a Board meeting on 26th May 2026 to consider and approve a capital plan. The bank plans to raise capital through multiple modes including equity capital via Public Issue (Further Public Offer) and/or Rights Issue, Private Placements including Qualified Institutions Placement (QIP), Employee Stock Purchase Scheme, and Preferential Allotment. Additionally, the bank intends to issue Basel III compliant Additional Tier 1 (AT1) Bonds and Tier 2 Bonds, including foreign currency denominated bonds, through Private Placements. The proposal is subject to approval from the Government of India and other regulatory authorities. This is a prior intimation filed under SEBI regulations.
This announcement indicates Union Bank of India is planning significant capital raising, which could dilute existing shareholder equity. The bank appears to be shoring up its capital base, possibly to meet regulatory requirements or support future growth. Investors should monitor the actual terms of any capital raise for impact on their holdings.