City Union Bank Approves 1:3 Bonus Share Issue

Board clears the issuance to reward shareholders, pending regulatory approvals.

Published: Apr 27, 2026, 5:24 PMLast Updated: Apr 27, 2026ByTop10Stocks Team

City Union Bank Approves 1:3 Bonus Share Issue

City Union Bank (CUB) has officially approved the issuance of bonus shares in the ratio of 1:3 during its board meeting held today, April 27, 2026. This move is aimed at capitalizing on the bank's free reserves and enhancing liquidity for retail investors. Here is a breakdown of what this means for investors: The Ratio (1:3): Eligible shareholders will receive one free bonus equity share for every three existing equity shares they hold as of the record date. Approvals Needed: While the board has given the green light, the execution of this bonus issue is still subject to the approval of the bank's shareholders and necessary regulatory authorities. Record Date: The bank has not yet announced the official "record date" or "ex-bonus date." These dates will be declared once the shareholder approvals are finalized. Market Impact: Once the bonus shares are credited, the total number of outstanding shares for City Union Bank will increase, and the share price will adjust proportionately downward. This does not change the overall market value of the company or your total investment value, but it does make the stock more affordable and liquid for smaller retail participants. This bonus announcement coincided with the board's scheduled meeting to review the bank's audited Q4 financial results and potential dividend payouts for the fiscal year ending March 2026.

City Union Bank Approves 1:3 Bonus Share Issue

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