Union Bank Shares Jump 6% After Rs 3,000 Crore QIP Announcement | Stock Market News

Zee Business Video Team | Updated: February 21, 2024 12:18 PM IST

Union Bank witnesses a 6% jump in shares after announcing a Rs 3,000-crore qualified institutional placement (QIP) at a marginal premium floor price of Rs 142.78 per share. The bank's decision, disclosed in a stock exchange filing, follows approval from the Committee of Directors for Raising Capital Funds.



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