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This is subject to the requisite regulatory or statutory approvals, it said. <\/p>\n
The committee also approved the floor price of Rs 142.78 per equity<\/a> share for the issue, it said. <\/p>\n The bank may offer a discount of not more than 5 per cent on the floor price to be decided in consultation with the book-running lead managers, it added. The decision for allotment of shares to Qualified Institutional Buyers to be taken on February 23, 2024, by the Committee of Directors for Raising Capital Funds, it added.<\/p>\n (You can now subscribe to our ETMarkets WhatsApp channel<\/a>) Download The Economic Times News App<\/a> to get Daily Market Updates & Live Business News. <\/p>\n Subscribe to The Economic Times Prime<\/a> and read the Economic Times ePaper<\/a> Online.and Sensex Today<\/a>. <\/p>\n Top Trending Stocks: SBI Share Price<\/a>, Axis Bank Share Price<\/a>, HDFC Bank Share Price<\/a>, Infosys Share Price<\/a>, Wipro Share Price<\/a>, NTPC Share Price<\/a><\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":" State-owned Union Bank of India on Tuesday approved a Rs 3,000 crore share sale proposal to fund its business growth. The Committee of Directors for Raising Capital Funds, in its meeting held on Tuesday, cleared the proposal for raising of funds for an amount not exceeding Rs 3,000 crore through the issue of equity shares […]<\/p>\n","protected":false},"author":1,"featured_media":7126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[50],"tags":[10788,351,52,246,10787,1392,1175,700,2061,2447,9125,571,328,10786],"jetpack_featured_media_url":"https:\/\/img.etimg.com\/thumb\/msid-107860089,width-1200,height-630,imgsize-27684,overlay-etmarkets\/photo.jpg","_links":{"self":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/posts\/7125"}],"collection":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/comments?post=7125"}],"version-history":[{"count":0,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/posts\/7125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/media\/7126"}],"wp:attachment":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/media?parent=7125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/categories?post=7125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/tags?post=7125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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