City Union Bank Approves Record Date for Bonus Securities Issuance
City Union Bank Limited announced that its Board of Directors has approved the Record Date for the planned issuance of Bonus Securities. The approval is scheduled for June 1, 2026, to determine the eligibility of bank members for the Bonus shares, subject to the final approval of the shareholders.The Board meeting held on May 25, 2026, determined the specific details regarding the bonus share allotment.
The details of the securities issuance are summarized below:
| Symbol | Type of Security | Record Date | Purpose |
|---|---|---|---|
| CUB on BSE | Equity | June 1, 2026 | Issuance of Bonus shares in the ratio of 1:3 (i.e., 1 equity share for every 3 fully paid up equity shares held as on record date), subject to approval of the shareholders of the Bank. |
This development provides clarity on the entitlement process for shareholders anticipating the bonus share allotment, aligning with the bank's corporate action plans.
CUB Stock Price Movement
On Monday, City Union Bank Limited shares edged higher to close at ₹249.9, marking a gain of 0.52% for the equity. The stock traded within a range of ₹249.2 to ₹253.05, completing the session with a volume of 897,950 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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