Union Bank of India Approves Capital Plan to Raise Funds Up To ₹ 8,000 Crore
Union Bank of India announced the outcome of its Board of Directors meeting, held on May 26, 2026. During the meeting, the Bank’s Board considered and approved a comprehensive Capital Plan designed to raise capital up to a total limit of ₹ 8,000 crore.The approval covers two primary components: the raising of equity capital and the issuance of additional tier bonds.
The total approved capital raise limit stands at ₹ 8,000 crore. The plan outlines the following disbursements:
| Funding Component | Approved Limit | Details |
|---|---|---|
| Equity Capital | Up to ₹ 3,000 Crore | To be raised through Public Issue (Further Public Offer), Rights Issue, Private Placements, Qualified Institutions Placements, Employee Stock Purchase Scheme (ESPS), or Preferential Allotment, or a combination thereof. |
| Bonds/Tier 2 Capital | Up to ₹ 5,000 Crore | To be raised by issuing Basel III compliant Additional Tier 1 Bonds and/or Tier 2 Bonds, including foreign currency denominated AT1/Tier 2 Bonds. |
The raising of equity capital is subject to the necessary approvals from the Government of India, other regulatory authorities, and the shareholders of the Bank.
The Board meeting that sanctioned the capital plan was held on May 26, 2026.
UNIONBANK Stock Price Movement
Union Bank of India shares today slipped by 1.04%, settling in post-market trading at ₹165.35. The equity saw significant activity during the session, recording a robust total volume of 12.83 million shares traded.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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