Union Bank of India Board Approves Capital Plan to Raise Up to ₹ 8,000 Crore
Union Bank of India announced that its Board of Directors, in a meeting held on May 26, 2026, approved a comprehensive capital plan aimed at raising capital through various instruments. The capital plan allows the bank to raise funds up to a total of ₹ 8,000 crore.The Board meeting, which commenced at 11:00 A.M. and concluded at 2:00 P.M., outlined the structure for the capital infusion, which is divided into two primary components: equity capital and debt capital.
The approved plan details the following fundraising limits and structures:
| Capital Component | Maximum Amount | Details/Sources |
|---|---|---|
| Equity Capital | Not exceeding ₹ 3,000 Crore | To be raised through Public Issue (Further Public Offer), Rights Issue, Private Placements (including QIP and Preferential Allotment), or a combination thereof. |
| Debt Capital | Not exceeding ₹ 5,000 Crore | Must be Basel III compliant Additional Tier 1 Bonds and/or Tier 2 bonds, including foreign currency denominated AT1/Tier 2 Bonds. |
The total capital raise limit of ₹ 8,000 crore is subject to the approval of the Government of India, other regulatory authorities, and the shareholders of the bank.
UNIONBANK Stock Price Movement
Today, Union Bank of India shares slipped by 0.97% to settle at ₹167.24, posting a daily loss of ₹1.63. The bank experienced noticeable trading activity, moving on a volume of 11.61 million shares during the session.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.