ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • MSME Summit
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • National Highway construction slows to 20.43 km per day in first 4 months of current fiscal
  • Independence Day Special: How investment habits, preferences of people have changed over the past 75 years
  • BMW M4 Competition Coupé 50 Jahre M Edition: Price and features | Photos
  • Financial Independence for Women: top investment tips for the other half to make them independent moneywise
Read in App
Business News » India News

Union Bank of India to raise up to Rs 600 cr by issuing shares to its employees

State-owned Union Bank of India Thursday said it would raise up to Rs 600 crore by issuing shares to its employees under the staff stock purchase scheme.  

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Union Bank of India to raise up to Rs 600 cr by issuing shares to its employees
State-owned Union Bank of India Thursday said it would raise up to Rs 600 crore by issuing shares to its employees. Image source: PTI

State-owned Union Bank of India Thursday said it would raise up to Rs 600 crore by issuing shares to its employees under the staff stock purchase scheme.

The stakeholders relationship committee of the bank in its meeting on Thursday approved the 'Union Bank of India-Employee Share Purchase Scheme' to raise equity capital aggregating up to Rs 600 crore by offering up to 8 crore new equity shares to the eligible employees of the bank, it said in a regulatory filing.

On Wednesday, Syndicate Bank had said it would raise up to Rs 500 crore by issuing shares to its employees under the employee stock purchase scheme.

Vijaya Bank had also said it would issue up to 5 crore fresh equity shares to its employees in one or multiple tranches under Vijaya Bank ESPS.

Shares of Union Bank closed 0.57 per cent up at Rs 88.85 apiece on the BSE. 

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Union Bank of India
Written By: PTI
Updated: Thu, Jan 03, 2019
07:46 pm
PTI
RELATED NEWS
This bank tops list of PSU lenders in Q1 loan, deposit growth - Check list This bank tops list of PSU lenders in Q1 loan, deposit growth - Check list
This bank expects to recover Rs 15,000 crore from bad loans this fiscal This bank expects to recover Rs 15,000 crore from bad loans this fiscal
Q1 Results FY2023:  L&T, Union Bank, Shoppers Stop, India Grid Trust declare June quarter results - Highlights Q1 Results FY2023: L&T, Union Bank, Shoppers Stop, India Grid Trust declare June quarter results - Highlights

LATEST NEWS

Sterling and Wilson Renewable share price dips 4% as Shapoorji Pallonji plans to offload stake

Xiaomi Mix Fold 2 launched - Check price, specifications, India availability and more

Flag hoisting time on 15 August 2022: Independence Day celebrations guidelines - All details | Har Ghar Tiranga campaign

Moto Razr 2022 foldable phone launched - Check price, India availability, specifications and more

SpiceJet launches taxi service with zero cancellation fee and zero wait time in THESE cities – All details here

Balaji Speciality Chemicals IPO coming soon - All details

ONGC Quarterly Results: Highest ever! Check Q1 net profit

Tata Steel share price gains 12.5% since split – Brokerage recommends Overweight rating - Check price target

Vivo V25 Pro India launch date is August 17 - expected price, specifications, availability and more

Commonwealth Games 2022: PM Narendra Modi to interact with India's contingent today

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV