Union Bank of India increases stake in ASREC (I) to 27.30%

Arunika Jain — Tue, 12 May 2026 15:51:50 +0000

Union Bank of India has announced an additional investment of ₹22.64 crore in ASREC (I) Ltd, a joint venture company. This investment has resulted in an increase in the bank’s shareholding in ASREC (I) Ltd from 26.02% to 27.30%.

The decision to increase its stake reflects Union Bank of India‘s commitment to strengthening its investment portfolio and expanding its influence in its joint venture operations. ASREC (I) Ltd is a significant part of the bank’s strategic investments, and this move is expected to further solidify its position within the company.

This disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely and accurate reporting of significant events and transactions by listed entities.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

ASREC (I) Ltd | Business Upturn

Union Bank of India increases stake in ASREC (I) to 27.30%