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MoneyWorks4Me

Bank of India informs about business updates

21 Jun 2016 Evaluate

Bank of India has informed that upon change in law, Bank of India has sold its 18% stake in Star Union Dai-lchi Life Insurance Company (SUD) to Dai-ichi Life Insurance Company (DILIC). Hence, the Shareholding of DILIC will be 44% up from 26% upon completion of the transaction after receiving necessary statutory / regulatory approvals. Shareholding of Bank of India will be 30% down from 48%. Union Bank continue to hold 26%.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
State Bank Of India 996.25
PNB 122.10
Bank Of Baroda 245.75
Canara Bank 118.50
Union Bank Of India 183.75
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