Union Bank of India successfully raised ₹ 3,000 Crore Equity Capital via Qualified Institutions Placement (QIP)

 The QIP received an encouraging response from the market & saw participation by a diversified investor base, which includes Banks, Asset Management Companies, Insurance Companies and Foreign Portfolio Investors.  Allotment of 22.11 crore shares at ₹ 135.65 per share (including premium of ₹ 125.65 per share) aggregating to ₹ 3,000 crore (Three Thousand Crore).  The amount of capital raised through

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