Monday, September 21, 2020

Bank of India surges on getting shareholders nod to raise Rs 8,000 crore

Bank Of India is currently trading at Rs. 44.55, up by 0.20 points or 0.45% from its previous closing of Rs. 44.35 on the BSE.

The scrip opened at Rs. 44.30 and has touched a high and low of Rs. 44.90 and Rs. 43.75 respectively. So far 562413 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 79.80 on 28-Nov-2019 and a 52 week low of Rs. 30.45 on 13-Mar-2020.



Last one week high and low of the scrip stood at Rs. 48.20 and Rs. 43.75 respectively. The current market cap of the company is Rs. 14500.39 crore.

The promoters holding in the company stood at 89.10%, while Institutions and Non-Institutions held 6.18% and 4.72% respectively.

Bank of India has received shareholders’ approval to raise fresh capital up to an amount of Rs 8,000 crore by way of equity shares/tier-I/tier-II bonds by way of public issue or right issue or preferential issue or QIP or private placement or any other permitted mode at an appropriate time whether at a discount or premium to the market price. Shareholders approved the fund raising plan at the extra-ordinary general meeting (EGM) held on September 19, 2020.

Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.

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