Bank of India zooms on getting nod to raise Rs 2,500 crore via bonds
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Bank Of India is currently trading at Rs. 69.50, up by 2.55 points or 3.81% from its previous closing of Rs. 66.95 on the BSE.
The scrip opened at Rs. 68.35 and has touched a high and low of Rs. 70.45 and Rs. 68.20 respectively. So far 2217045 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 70.45 on 07-Nov-2022 and a 52 week low of Rs. 40.40 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 70.45 and Rs. 58.30 respectively. The current market cap of the company is Rs. 28232.53 crore.
The promoters holding in the company stood at 81.41%, while Institutions and Non-Institutions held 11.96% and 6.63% respectively.
Bank of India has received an approval for raising of Tier-1 capital by issue of Basel-III compliant additional tier-I (AT-I) bonds of up to Rs 2,500 crore. The capital will be raised in one or more tranches, the bank added. The board of the lender, at a meeting held on November 7, 2022, approved the same.
Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.
