In terms of Clause 30 of the SEBI (LODR) Regulations, 2015, Bank Of India has informed that the Securities and Exchange Board of India (SEBI) vide letter dated August 31, 2018, permitted the Bank for adoption of 'Issuances equity shares through 'Employee Stock Purchase Scheme' under SEBI (Share Based Employee Benefit) Regulations, 2014' as a method to comply with the norms of Minimum Public Shareholding (MPS) as required under Rule 19A of the Securities Contracts Regulation (Rules), 1957.
The above information is a part of company’s filings submitted to BSE.
