Bank of India has informed that the Capital Issue Committee (Committee) has, at its meeting held on August 31, 2021 approved the issue and allotment of 40,54,71,866 Equity Shares of face value Rs 10 each 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, aggregating to Rs 25,50,01,25,652.74 pursuant to the Issue in accordance with provisions of SEBI ICDR Regulations. The Issue opened on August 25, 2021 and closed on August 30, 2021 and the same was intimated through letters dated August 25, 2021 and August 30, 2021 respectively. Also attached the list of allottees who have been allotted more than five percent of the Equity Shares offered in the Issue, marked as Annexure A.
The above information is a part of company’s filings submitted to BSE.
