The Reserve Bank of India has today notified that the aggregate share holdings in Union Bank of India by Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) under Portfolio Investment Scheme (PIS) have reached the trigger limit of their paid up capital. Therefore, further purchases of equity shares in the primary/secondary market of this company would be allowed only after obtaining prior approval of the Reserve Bank of India.

Ajit Prasad
Manager

Press Release: 2009-2010/1427