In terms of Regulation 30 of the SEBI (LODR) Regulation 2015, Bank Of India has informed that Govt. of India vide letter No. F.No.7/38/2014-BOA dated December 26, 2018 has conveyed its decision to invest Rs 10,086 crores in the equity of the bank by way of preferential allotment. Further In terms of Regulation 29 of the SEBI (LODR) Regulation 2015, it is informed that a Board of Directors of the bank would be considering by way of circular resolution on or after 02nd January 2019 the proposal for raising capital by this infusion and further issue of equity shares / securities at an appropriate time and other incidental matters thereat.
The above information is a part of company’s filings submitted to BSE.
