City Union Bank Limited has allotted 24,76,96,809 bonus equity shares of Re 1 each to its eligible shareholders. The Bonus Committee of the Board approved the allotment on June 15, 2026, in the proportion of one equity share for every three existing fully paid-up equity shares.
The bonus shares were allotted to members whose names appeared in the Register of Members on the record date of June 12, 2026. The newly allotted shares will be available for trading on the stock exchanges from June 16, 2026.
These bonus equity shares rank pari passu in all respects with the existing fully paid-up equity shares of City Union Bank as on the record date. The bonus shares carry the same dividend, voting, and other rights as the existing equity capital.
This allotment follows the Bank's communications to the exchanges on April 27, May 25, and May 31, 2026, regarding the proposed bonus issue. City Union Bank had received board approval for the bonus issue at its meeting held earlier.
The bonus issue increases the total outstanding equity shares of City Union Bank Limited. Post-allotment, the total paid-up equity capital of the Bank has expanded by 24,76,96,809 shares. Shareholders receive one additional share for every three shares they held on the record date. The face value of each equity share remains Re 1, and the new shares carry full rights from the date of allotment.
The bonus shares are listed on both the National Stock Exchange and BSE, where the Bank's equity shares trade under the symbol CUB and scrip code 532210 respectively.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.