Bank of India zooms on planning to raise up to Rs 2,500 crore via bonds
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Bank Of India is currently trading at Rs. 60.05, up by 1.40 points or 2.39% from its previous closing of Rs. 58.65 on the BSE.
The scrip opened at Rs. 59.25 and has touched a high and low of Rs. 60.75 and Rs. 58.30 respectively. So far 1072232 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.80 on 10-Nov-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. 60.75 and Rs. 50.50 respectively. The current market cap of the company is Rs. 24662.43 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 is planning for capital raising by issue of Additional Tier-I (AT-I) bonds up to Rs 2,500 crore in one or more tranches. The Board of Directors of the Bank would be considering the same at their meeting scheduled on November 04, 2022.
Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.
