Union Bank Of Indiahas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/06/2025 ,inter alia, to consider and approve Capital Plan of the Bank for FY 2025-26.
UNIONBANK · price
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Union Bank of India has informed BSE that its Board of Directors will meet on 25th June 2025 to discuss and approve the bank's Capital Plan for FY 2025-26. The bank proposes to raise capital through multiple modes including Further Public Offer, Rights Issue, Qualified Institutions Placement (QIP), Preferential Allotment, or a combination thereof. Additionally, it plans to issue Basel III compliant Additional Tier 1 (AT1) and Tier 2 Bonds, including foreign currency denominated ones, via private placements. All capital raising is subject to Government of India and other regulatory approvals. The intimation is filed under SEBI Listing Regulations 29(1)(d), 29(2), and 50(1)(d).
Shareholders should expect potential equity dilution or additional debt issuance in FY26, but the actual size, pricing, and instrument mix are yet to be decided. Watch the outcome of the 25th June board meeting for concrete details, as any large QIP or rights issue could pressure the stock in the short term.