Breakdown of the fundraising drive

Most of the funds, ₹20,000 crore, are intended for long-term infrastructure projects and affordable housing.
The rest (₹5,000 crore) will be raised through green bonds that help fund sustainable projects under Union Bank's own eco-friendly framework.

Bank's shares rise on fundraising news

This is one of the bank's recent fundraising initiatives. It plans a base issue of ₹3,000 crore (with a ₹4,500 crore greenshoe option) as part of a potential ₹7,500 crore tranche it may explore before March 31, 2026.
It's all part of its ongoing push to find smarter ways to fund growth in infrastructure and housing.
Investors seemed pleased too: the bank's shares went up by 0.82% after the announcement.

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