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BoI to raise Rs 10,086 crore via preferential allotment

17 Jan 2019 Evaluate

Bank of India (BoI) is going to raise funds through preferential issue with an issuing price of Rs 105.75 per equity share (including a premium of Rs 95.75 per equity share) for an amount of Rs 10,086 crore to Government of India. The Bank will allot up to 95,37,58,865 fresh equity shares to the Government of India.

BoI offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.

Peers
Company Name CMP
State Bank Of India 969.55
PNB 120.35
Bank Of Baroda 243.50
Canara Bank 117.60
Union Bank Of India 183.00
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