Further, the board recommended a Final Dividend @ 20%, i.e. Rs0.20 paise per equity share of the face value of Re 1/- subject to shareholder approval.
Raising Further Capital through QIP Route to the tune of Rs500cr (including premium) subject to shareholder approval, it added.
City Union Bank Ltd is currently trading at Rs154 down by Rs4.75 or 2.99% from its previous closing of Rs158.75 on the BSE.
The scrip opened at Rs159 and has touched a high and low of Rs159.30 and Rs153.50 respectively.