Union Bank of India to appoint legal advisor to raise Rs 3,800 cr via QIP

The process involves private placement of shares to raise capital from selected investors.

FPJ Web DeskUpdated: Thursday, December 15, 2022, 10:28 PM IST
article-image

According to a regulatory filing, Union Bank of India has invited bids for appointing a legal advisor, to help execute a qualified institutions placement for Rs 3800 crore.

The process involves private placement of shares to raise capital from selected investors, by listed companies without slashing its management stake in the company.

(If you have a story in and around Mumbai, you have our ears, be a citizen journalist and send us your story here. )

(To receive our E-paper on WhatsApp daily, please click here.  To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

OTM Mumbai, the gateway to Indian travel markets commences from 2-4 February at Jio World Convention...

OTM Mumbai, the gateway to Indian travel markets commences from 2-4 February at Jio World Convention...

Mumbai: BMC falls short in property tax collection ahead of Feb 4 Budget announcement

Mumbai: BMC falls short in property tax collection ahead of Feb 4 Budget announcement

Infosys buys back 17,36,000 shares at Rs 1,577.49 each

Infosys buys back 17,36,000 shares at Rs 1,577.49 each

Ex-UK PM Boris Johnson's brother quits Adani-linked firm as independent director

Ex-UK PM Boris Johnson's brother quits Adani-linked firm as independent director

NSE puts 3 Adani firms under additional surveillance after market rout

NSE puts 3 Adani firms under additional surveillance after market rout