UNION BANK OF INDIA - Outcome of the Meeting of Bank's Committee of Directors for raising of Capital Funds
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| 20 Jan 2017 | |
| Union Bank of India has informed BSE that the Bank's Committee of Directors for raising of Capital Funds at its meeting held on January 20, 2017 has resolved and approved holding of the Extraordinary General Meeting of shareholders of the Bank on February 23, 2017 at Mumbai for: <BR><BR>a. Issue and allotment of equity shares on preferential basis to the Government of India (President of India), for an amount aggregating upto Rs. 541 crore (including premium);<BR> <BR>b. Further issue and allotment of equity shares on preferential basis to the Government of India (President of India) for an amount aggregating upto Rs. 180 crore (including premium) subject to approval from the Government of India.<BR><BR>The meeting commenced at 3:00 PM and concluded at 3:30 PM. | |
| View all announcements for UNION BANK OF INDIA | Source: BSE India |
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