VERIFIEDET Stocks·24 Jun 2026neutral

City Union Bank to raise over Rs 500 crore through QIP

AI Summary

·City Union Bank plans to raise up to ₹500 crore through a qualified institutional placement.
·Shareholder approval for the QIP is required at the August 14, 2026 AGM.
·A dividend of ₹2 per share for FY26 will also be considered by shareholders.