Bank Of India has informed that Compensation cum Allotment Committee (CCAC) in their meeting held on 07.03.2019 has considered and approved allotment of 6,25,52,188 Equity shares of Rs 10 each to eligible employees under Bank of India — Employee Share Purchase Scheme (BOIESPS). Accordingly, Bank has raised a fresh capital of Rs 660.80 Crore through B01-ESPS scheme.
The above information is a part of company’s filings submitted to BSE.