Bank of India jumps on getting shareholders` nod to raise up to Rs 2,500 crore
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Bank of India is currently trading at Rs. 47.20, up by 1.65 points or 3.62% from its previous closing of Rs. 45.55 on the BSE.
The scrip opened at Rs. 46.20 and has touched a high and low of Rs. 47.30 and Rs. 45.80 respectively. So far 171110 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 76.55 on 03-Aug-2021 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. 47.30 and Rs. 45.10 respectively. The current market cap of the company is Rs. 19368.83 crore.
The promoters holding in the company stood at 81.41%, while Institutions and Non-Institutions held 11.79% and 6.80% respectively.
Bank of India has received shareholders’ approval to raise up to Rs 2,500 crore fresh equity capital by various modes. The decision was taken at the bank's Annual General Meeting held on July 15, 2022. The shareholders approved the agenda to raise fresh equity capital up to an amount of Rs 2,500 crore including share premium, by way of public issue or right issue or preferential issue or QIP or private placement.
Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.
