City Union Bank to raise over Rs 500 crore through QIP

June 24, 2026

City Union Bank’s board has greenlit a plan to raise up to ₹500 crore via a qualified institutional placement, pending shareholder nod at the August 14, 2026 AGM. This move aims to bolster the bank’s capital. On the same day, shareholders will consider a ₹2 per share dividend for FY26, representing a 200% payout on the face value.

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Finolex Cables shares fall 5% after rallying 20% during Muhurat Trading session. More upside ahead?

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