BSECompany Update▲ PositiveFundraise23 Jun 2026
City Union Bank Ltd
Fund raising through QIP Route
City Union Bank's Board of Directors has approved raising Rs. 500 crore through a Qualified Institutional Placement (QIP) route, pending shareholder approval at the Annual General Meeting on August 14, 2026. Additionally, the bank declared a dividend of 200% (Rs. 2 per equity share) for FY 2026, with a record date set for July 14, 2026. The dividend payment is scheduled to occur on or after the AGM date.
BSECorp Action▲ PositiveFundraise23 Jun 2026
City Union Bank Ltd
Fixation of Record date for Dividend: 31-07-2026
City Union Bank's Board approved a 200% dividend (Rs. 2 per share) for FY2026, with a record date of July 14, 2026, to be paid on or after August 14, 2026. Concurrently, the board proposed an enabling resolution for raising Rs. 500 crore through a Qualified Institutional Placement (QIP). This capital raise is subject to shareholder approval at the upcoming Annual General Meeting and is expected to support the bank's future growth initiatives.
BSEBoard Meeting▲ PositiveFundraise23 Jun 2026
City Union Bank Ltd
1) Fixation of AGM date - August 14, 2026
2) Dividend Record date - July 31, 2026
3) Fund raising through QIP
City Union Bank Ltd's Board of Directors has approved its Annual General Meeting to be held on August 14, 2026. The bank also declared a dividend of Rs. 2 per equity share for FY 2026, with the record date set for July 31, 2026. Significantly, the Board has proposed to raise Rs. 500 crore through a Qualified Institutional Placement (QIP) route, subject to shareholder approval at the upcoming AGM, to augment its capital.