Epic Update : Union Bank of India

Union Bank of India has received an approval for raising equity capital up to Rs 1,000 crore on preferential/QIP/Rights basis towards capital infusion in addition to Rs 1,500 crore approved in Board Meeting held on December 27, 2012 i.e. total equity infusion of Rs 2,500 crore subject to approval of Government of India/RBI and various regulations and laws related thereto.

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