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Bank of India gets shareholders nod to raise Rs 8,000 crore

21 Sep 2020 Evaluate

Bank of India has received shareholders’ approval to raise fresh capital up to an amount of Rs 8,000 crore by way of equity shares/tier-I/tier-II bonds by way of public issue or right issue or preferential issue or QIP or private placement or any other permitted mode at an appropriate time whether at a discount or premium to the market price. Shareholders approved the fund raising plan at the extra-ordinary general meeting (EGM) held on September 19, 2020. 

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

Bank Of India Share Price

150.00 1.90 (1.28%)
20-Apr-2026 12:07 View Price Chart
Peers
Company Name CMP
SBI 1114.20
PNB 114.40
Canara Bank 143.60
Bank Of Baroda 284.55
Union Bank Of India 189.45
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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