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.
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