As per the filing, the bank will raise the equity capital by "...offering, issuing and allotting up to 8,00,00,000 new equity shares to the eligible employees of the bank".
from NDTV Profit - Latest http://bit.ly/2F6D3Ij
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Union Bank Of India To Raise Rs 600 Crore Via Employee Purchase Scheme
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January 03, 2019
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