City Union Bank gains 2% on strong response to share sale

Shares of  City Union Bank rose 2 percent on burly answer to its share sale to hoist up to Rs 350 corer.
City Union Bank on Monday sunset launched a share sale for institutional investors to lift up Rs 250-350 crore, phrase sheet showed.
Floor price for the share sale had been permanent at Rs 75.05 a share, the lender said in a report
The bank's share sale has been oversubscribed by almost 2.5 times, people occupied in the method said.
At 10:33 hrs City Union Bank was quoting at Rs 75.00, up Rs 0.65, or 0.87 percent on the BSE.