Union Financial institution of India Ltd. on Monday stated it is going to increase as much as Rs 5,000 crore by way of certified institutional placement.
“A Committee of Administrators on Elevating Capital Funds has, at its assembly held on Monday i.e. August 21, 2023, accepted the elevating of funds for an quantity not exceeding Rs 5,000 crore by way of the problem of fairness shares by way of Certified Establishments Placement,” Union Financial institution stated in a regulatory submitting.
The ground value of the problem is Rs 91.10 per fairness share, whereas the date of opening of the problem is Monday, the financial institution added.
