Corporate Announcement
Security Code : 532477    Company : UNIONBANK    
 
Outcome of Board MeetingDownload PDF Download XBRL
  Exchange Received Time  09/08/2017 16:44:31         Exchange Disseminated Time   8/9/2017 4:44:33 PM              Time Taken   00:00:02
In continuation to our letter no. ISD/17-18/190 dated 4th August, 2017 regarding intimation of meeting of Committee of Directors for Raising of Capital Funds, we inform that the Committee of Directors for Raising of Capital Funds at its meeting held on 9th August, 2017 has resolved and approved raising of equity capital through Public Issue (FPO) and/or Right Issue and/or Private Placement including Qualified Institutional Placement for an amount up to Rs. 2000 crore in first tranche during FY 2017-18.

The meeting commenced at 4:00 PM and concluded at 4:30 PM.

The above disclosure is made under Regulation 30 read with entry no. 4 of Para A of Part A of Schedule III of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

This is for your information and appropriate dissemination.
 

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