Bank of India has informed BSE that the Bank has allotted 12,70,04,655 Equity Shares to the Government of India on September 30, 2015. Consequently, Shareholding of the Government of India has increased from 64.43% to 70.13% and correspondingly, the Non- Government Shareholding has decreased from 35.57% to 29.87%. Further the Company has informed that D Harish, Shareholder’s Director of the Bank, demitted the office, with effect from September 30, 2015, in order to comply with the provisions of Section 9 (3) (i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act-1970.
The above information is a part of company’s filings submitted to BSE.
