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Bank of India gets nod to raise Rs 2,500 crore

26 Apr 2022 Evaluate

Bank of India’s board has approved the capital raising plan upto Rs 2,500 crore by issue of fresh Equity Capital in the form of QIP / FPO / Preferential Issue. The main purpose of capital raising plan is to increase the minimum public shareholding from the present 18.59% to 25% or above in order to comply with the minimum public shareholding requirements as per the Security Contracts (Regulation) Rules, 1957 and SEBI (LODR) Regulations, 2015. The Board of Directors of the Bank at its Meeting held on April 25, 2022, has considered and approved the same.

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

150.35 2.25 (1.52%)
20-Apr-2026 12:56 View Price Chart
Peers
Company Name CMP
SBI 1111.80
PNB 114.65
Canara Bank 144.05
Bank Of Baroda 285.00
Union Bank Of India 192.05
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