Bank of India is currently trading at Rs. 172.05, up by 1.65 points or 0.97% from its previous closing of Rs. 170.40 on the BSE.
The scrip opened at Rs. 170.10 and has touched a high and low of Rs. 172.80 and Rs. 168.70 respectively. So far 199995 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 311.75 on 02-Jan-2015 and a 52 week low of Rs. 168.65 on 30-Jun-2015.
Last one week high and low of the scrip stood at Rs. 182.25 and Rs. 168.70 respectively. The current market cap of the company is Rs. 11433.10 crore.
The promoters holding in the company stood at 64.43% while Institutions and Non-Institutions held 26.20% and 9.37% respectively.
Bank of India (BoI) is planning to raise up to Rs 6,000 crore through Tier-I or Tier-II bonds. The bank has received the shareholders' nod to raise capital at its 19th general meeting held on July 20, 2015.
Earlier, the bank had raised funds through foreign currency bonds. The lender had raised $750 million at a coupon rate of 3.125% through its offshore bond issue having a tenure of five years. In FY15, the bank issued 2.26 crore equity shares of R 10 each at a price of Rs 283.50 per share amounting to Rs 642 crore.
