Bank of India has received approval to issue and allot 40,54,71,866 Equity Shares of face value Rs 10 each through Qualified Institutional Placement (QIP) to eligible Qualified Institutional Buyers at the issue price of Rs 62.89 per Equity Share (including a premium of Rs 52.89 per Equity Share) which is at a discount of 4.99% (i.e. Rs 3.30 per Equity Share) to the floor price of Rs 66.19 per Equity Share. Capital Issue Committee has, at its meeting held on August 31, 2021 approved the same.
Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.
