Union Bank of India is currently trading at Rs. 155.35, up by 0.35 points or 0.23% from its previous closing of Rs. 155.00 on the BSE.
The scrip opened at Rs. 155.00 and has touched a high and low of Rs. 155.90 and Rs. 154.30 respectively. So far 82210 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 172.65 on 06-Feb-2017 and a 52 week low of Rs. 104.50 on 23-May-2016.
Last one week high and low of the scrip stood at Rs. 158.25 and Rs. 151.35 respectively. The current market cap of the company is Rs. 10620.97 crore.
The promoters holding in the company stood at 63.44%, while institutions and non-institutions held 25.63% and 10.93% respectively.
Union Bank of India has raised Rs 750 crore by issuing 7,500 non-convertible, unsecured subordinated Basel III compliant perpetual debt instruments for inclusion in additional tier-I capital. The bond is issued for face value of Rs 10 lakh each at par aggregating to Rs 750 crore on private placement basis. They are rated ‘AA+/Stable’ by Brickwork Rating and ‘AA’ by India Ratings. The bonds, issued on a private placement basis, bears interest rate of 9.10% per annum payable annually.
Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections. Its segments include treasury operations, corporate & wholesale banking, retail banking and other banking operations.