[T.S.R:18291] City Union Bank-Rs 400 Rights Planned, Q3 NIM, EPS Up 20 per cent, On FY12e EPS of Rs 7 stock could trade upto Rs 60

City Union Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on January 31, 2012, inter alia, has resolved to authorize the commencement of preparatory work in connection with the proposed rights issue subject to RBI and SEBI Guidelines for an amount not exceeding Rs. 400 cr. to be raised at an appropriate time and further resolved to form a committee of directors to decide on other related matters like appointment of Merchant Bankers, other intermediaries, etc.

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