City Union Bank Allots Bonus Shares; Shares Edge Lower

Mumbai, June15: City Union Bank has approved the allotment of 24.76 crore bonus equity shares in the ratio of 1:3, according to an exchange filing.

The bank said the Bonus Committee of the Board approved the allotment of 24,76,96,809 fully paid-up bonus equity shares of ₹1 each to eligible shareholders.

Under the bonus issue, shareholders will receive one bonus equity share for every three fully paid-up equity shares held as of the record date, June 12, 2026.

The bank added that the bonus shares will rank pari passu with the existing equity shares in all respects. Trading in the bonus shares is scheduled to commence on June 16, 2026.

The allotment follows the bank’s earlier communications to the exchanges dated April 27, 2026, May 25, 2026, and May 31, 2026, regarding the proposed bonus issue.

Stock Market Snapshot

City Union Bank share price remained under mild pressure following the bonus share allotment update.

As of 2:56 PM IST on June 15, 2026, shares of City Union Bank Ltd were trading at ₹201.50 on the NSE, down 0.099% from the previous close of ₹201.70.

The stock saw range-bound movement during the session as investors tracked the bonus issuance and upcoming commencement of trading in the additional shares.

The City Union Bank share price has remained relatively stable in recent sessions amid broader activity in private sector banking stocks.

Company Background

City Union Bank is a private sector lender with operations focused primarily on retail, MSME and agricultural banking segments.

The bank has a long operating history in southern India and continues to expand its digital banking and lending operations across regions.

Bonus share issuances are generally undertaken to improve stock liquidity and increase retail participation by expanding the company’s outstanding equity base.

City Union Bank has maintained a consistent focus on balance sheet growth, deposit mobilisation and credit expansion across its core banking businesses.

Conclusion

The allotment of bonus shares marks the completion of City Union Bank’s 1:3 bonus issue process.

With the additional shares set to become tradable from June 16, investors are expected to monitor liquidity trends and stock movement following the adjustment in the bank’s equity capital structure.

Source:

• https://www.nseindia.com/get-quote/equity/CUB/City-Union-Bank-Limited
• https://nsearchives.nseindia.com/corporate/CUB_15062026130957_CUBBonusAllotment15062026.pdf