Union Bank of India board approves capital raising plan

Union Bank of India (BSE: UNIONBANK) announced on June 25, 2025, that its Board of Directors approved a plan to raise capital, subject to regulatory and shareholder approvals. The capital raising will not exceed INR 6,000 crore and may include a combination of equity and debt instruments. The equity component may involve raising up to INR 3,000 crore through public issues, rights issues, or private placements with qualified institutional investors. The debt component could include raising up to INR 2,000 crore through Basel III compliant Additional Tier 1 (AT 1) Bonds and up to INR 1,000 crore through Tier 2 Bonds, including foreign currency denominated bonds. The decision was made during a board meeting held earlier today.