Union Bank of India (NSEI:UNIONBANK) has announced that its board of directors approved a capital raising plan of up to INR 60.00 billion through a mix of equity and debt instruments. The decision was taken at the Board meeting held on June 25, 2025. According to an exchange filing, the public sector lender will raise up to INR 30.00 billion via equity capital in one or more tranches.
The proposed methods include a Further Public Offer (FPO), Rights Issue, Qualified Institutions Placement (QIP), Preferential Allotment, or a combination of these. In addition to the equity component, the bank has also received approval to raise up to INR 30.00 billion via debt instruments. This includes INR 20.00 billion through Basel III-compliant Additional Tier 1 (AT1) bonds and INR 10.00 billion through Tier 2 bonds.
The debt instruments may also be issued in foreign currency, the bank said.
