City Union Bank allots 46635576 shares to QIP

In respect of the QIP, the QIP Management Committee of the Board of Directors of City Union Bank Ltd has, at its meeting held on July 22, 2014, approved the issue and allotment of 46635576 Equity Shares to eligible qualified institutional buyers at the issue price of Rs. 75.05 per Equity Share, aggregating to approximately Rs. 3499.99 million under the SEBI Regulations and Section 42 of the Companies Act, 2013 (including the rules made thereunder).

Shares of CITY UNION BANK LTD. was last trading in BSE at Rs.78 as compared to the previous close of Rs. 77.1. The total number of shares traded during the day was 61017 in over 804 trades.

The stock hit an intraday high of Rs. 79 and intraday low of 76.85. The net turnover during the day was Rs. 4754045.

Source : Equity Bulls

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