UNION BANK OF INDIA - Updates

Pursuant to the special resolution passed by the Shareholders at the Extraordinary General Meeting of the Bank held on 23.02.2017 for allotment of Equity Shares aggregating up to Rs.541 crore (Rupees Five Hundred and Forty One Crore Only) to Government of India on Preferential Basis, we wish to inform that the Bank has received a sum of Rs. 541 Crore (Rupees Five Hundred and Forty One Crore Only) as capital infusion in the form of share application money from the Government of India for the said preferential allotment of Equity Shares on 31.03.2017. Allotment of the Equity Shares to Government of India will be done on receipt of approval of Central Government under section 3(2-B)(c) of the Banking Companies (Acquisition and Transfer of Undertaking) Act, 1970.