Union Bank of India to issue bonds for Rs. 250 crores

The Board of Directors of Uniona Bank of India has approved the raising of capital by way of equity and/or AT 1 and /or Tier 2 capital during FY 2016-17 was submitted.

The Bank has decided to issue Additional Tier 1 Basel III compliant bonds of Rs.250 crore in favor of Prime Minister's National Relief Fund.

Shares of UNION BANK OF INDIA was last trading in BSE at Rs.155.8 as compared to the previous close of Rs. 150.95. The total number of shares traded during the day was 834766 in over 5706 trades.

The stock hit an intraday high of Rs. 156.9 and intraday low of 151.25. The net turnover during the day was Rs. 128401328.

Source : Equity Bulls

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