Bank of India gains on getting nod to raise fund through bonds
Bank of India is currently trading at Rs. 116.65, up by 1.55 points or 1.35% from its previous closing of Rs. 115.10 on the BSE.
The scrip opened at Rs. 115.10 and has touched a high and low of Rs. 117.25 and Rs. 115.10 respectively. So far 41613 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 156.40 on 02-May-2024 and a 52 week low of Rs. 90.00 on 13-Jan-2025.
Last one week high and low of the scrip stood at Rs. 121.55 and Rs. 113.75 respectively. The current market cap of the company is Rs. 52970.29 crore.
The promoters holding in the company stood at 73.38%, while Institutions and Non-Institutions held 19.79% and 6.83% respectively.
Bank of India has received approval from board of directors to raise upto Rs 5,000 crore through issuance of Basel-III compliant Tier-I and Tier-II Bonds of Rs 2,500 crore each during the FY 2025-26. The Board of Directors of the Bank at their meeting held on April 30, 2025, considered and approved the same.
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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