Union Bank of India, a public sector bank in India, witnessed a rise in share price on Thursday after the bank has completed the acquisition of 49% shareholding of Union KBC Asset Management Company and Union KBC Trustee Company from KBC Participations Renta S.A. and its affiliates (KBC Asset Management NV) on September 20, 2016.

Further, with this aforesaid acquisition the Union KBC Asset Management Company and Union KBC Trustee Company have become wholly owned subsidiaries of the Bank.

Shares of Union Bank Of India are trading at Rs 144.50, up Rs 3.1, or 2.19%  at the Bombay Stock Exchange (BSE) on Thursday at 9:52 a.m.

The scrip has touched an intra-day high of Rs 147.50 and low of Rs 144.10. The total volume of shares traded at the BSE is 69,801.