Union bank announced QIP

“Shares of Union Bank jumped 6 percent in early deals on February 21, a day after the PSU lender announced a Rs 3,000-crore qualified institutional placement (QIP) at a floor price of Rs 142.78 per share.
The floor price is at a marginal premium compared to the last closing price of Rs 141.10. The bank also announced the opening of the issue on February 20”