CUB board nod to raise ₹500cr
Chennai: The board of private lender City Union Bank (CUB) on Tuesday gave its nod to raise Rs 500 crore through Qualified Institutional Placement (QIP).In a regulatory filing, the bank said the board had approved raising additional capital of up to Rs 500 crore (including premium) through a QIP. Th
Chennai: The board of private lender City Union Bank (CUB) on Tuesday gave its nod to raise Rs 500 crore through Qualified Institutional Placement (QIP).In a regulatory filing, the bank said the board had approved raising additional capital of up to Rs 500 crore (including premium) through a QIP.
The proposal will be included in the notice convening the ensuing annual general meeting (AGM) for shareholders’ approval through an enabling resolution.
The AGM has been scheduled for Aug 14, 2026.You Can Also Check: Gold Rate in Chennai | Silver Rate in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai | Chennai AQI | Weather in Chennai | Petrol Price in Chennai | Diesel Price in Chennai | CNG Price in Chennai | LPG Price in ChennaiStay updated with the latest Chennai news.
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