Union Bank of India gains on entering into distribution tie-up with Religare Health Insurance

13 Sep 2013 Evaluate

Union Bank of India is currently trading at Rs. 120.60, up by 1.60 points or 1.34% from its previous closing of Rs. 119.00 on the BSE.

The scrip opened at Rs. 118.80 and has touched a high and low of Rs. 120.60 and Rs. 117.45 respectively. So far 40,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 288.00 on 02-Jan-2013 and a 52 week low of Rs. 97.10 on 29-Aug-2013.

Last one week high and low of the scrip stood at Rs. 123.35 and Rs. 106.50 respectively. The current market cap of the company is Rs. 7,197.00 crore.

The promoters holding in the company stood at 57.89%, while Institutions and Non-Institutions held 29.30% and 12.82% respectively. 

Union Bank of India has entered into a distribution tie-up with Religare Health Insurance whereby the bank will now market the product and service bouquet of the health insurance company through its extensive distribution network.

The bank has inked a corporate agency agreement for the same pursuant to which it becomes the first public sector bank to enter into a tie-up for distribution of health insurance products of a standalone health insurer.

Union Bank Of India Share Price

119.20 2.60 (2.23%)
23-Dec-2024 16:01 View Price Chart
Peers
Company Name CMP
SBI 820.95
Bank Of Baroda 246.50
Canara Bank 101.10
PNB 101.40
Union Bank Of India 119.20
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