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.
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