Union Bank of India has disclosed that its promoter, the President of India, held 5,70,66,60,850 equity shares, representing 74.76% of the bank’s total equity as of 31st March 2026. The disclosure was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
The bank confirmed that there was no encumbrance of shares, either directly or indirectly, during the financial year ending 31st March 2026. This information is crucial for stakeholders and investors as it reflects the promoter’s commitment to maintaining a significant stake in the bank.
Such disclosures are part of regulatory requirements to ensure transparency in shareholding patterns and to inform the public about any changes in the promoter’s shareholding.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).