Neutral impactCorporate Action
City Union Bank to raise over Rs 500 crore through QIP
Economic Times 24 Jun·24 Jun 2026, 12:22 am
City Union Bank's board has greenlit a plan to raise up to ₹500 crore via a qualified institutional placement, pending shareholder nod at the August 14, 2026 AGM. This move aims to bolster the bank's capital. On the same day, shareholders will consider a ₹2 per share dividend for FY26, representing a 200% payout on the face value.
Stocks in this story
City Union Bank₹198.30▼ 0.03%
Key takeaways
- Concerns City Union Bank (CUB).
- Category: Corporate Action.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for City Union Bank worth tracking. Use the price and stock snapshot to gauge how the market is responding.
