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Union Bank to raise Rs. 500 cr.

MUMBAI: Union Bank of India on Thursday said it would come up with a follow-on public offer of 4.5 crore shares to raise Rs. 500 crore. The bank had already received approvals from the NSE and BSE for the issue, It is awaiting SEBI's approval for the exact date of the issue, Chairman and Managing Director, Cherian Varghese, told reporters here.

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