Employees share

Union Bank of INdia to Raise Rs. 600 Cr Through Employee Share Purchase Scheme

According to the bank, its stakeholders Relationship Committee (SRC) has approved the scheme for raising the equity capital. "The SRC at its meeting held on Thursday, 3 January, 2019, inter alia, discussed and approved the following - a scheme namely 'Union Bank of India - Employee Share Purchase Scheme' to raise equity capital aggregating up to Rs 600 crore," the bank said in a regulatory filing to the BSE.