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Union Bank of India announces Rs 3,000-cr QIP; Sets the floor price of Rs 142 78 per share

Union Bank of India announces Rs 3,000-cr QIP; Sets the floor price of Rs 142 78 per share
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Sensex rose 349 points to 73,057 and Nifty ended 74 pts higher at 22,197. BSE investor wealth climbed to Rs 391.50 lakh crore.

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union bank of india share price: Union Bank of India share price jumps 7% on Rs 3000 crore QIP

The floor price is at a marginal premium compared to the previous day s closing price of Rs 141.1. The bank also announced the opening of the issue on February 20.

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Union Bank of India share price jumps 7% on ₹3,000 crore QIP announcement

Union Bank of India share price rose as much as 6.8 percent to its intraday high of ₹150.70. It is now just 3 percent away from its 52-week high of ₹155.30, hit on February 5, 2024, and has surged 150 percent from its 52-week low of ₹60.32, hit on March 28, 2023.

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Union Bank plans to raise Rs 3,000 cr through QIP, fixes floor price at Rs 142 78/share

State-owned Union Bank of India on Tuesday approved a Rs 3,000 crore share sale proposal to fund its business growth. The Committee of Directors for Raising Capital Funds, in its meeting held on Tuesday.

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