SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Bank of India to raise fresh equity capital up to Rs 2,500 crore

21 Jun 2022 Evaluate

Bank of India is mulling to raise up to Rs 2,500 crore in fresh equity capital as it requires to increase the public shareholding in the bank to 25 per cent e in order to comply with the minimum public shareholding requirements. Presently, public shareholding in Bank of India is 18.59 per cent.

The bank proposes to raise fresh equity shares for cash as such premium up to an amount of Rs 2,500 crore in such a way that the central government shall at all times hold not less than 51 per cent of the paid-up capital of the bank, whether at a discount or premium to the market price. The capital is to be raised during the period of one year from the date of passing of the resolution in one or more tranches and it will seek shareholders' approval for the same in its ensuing annual general meeting on July 15, 2022.

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

150.55 2.45 (1.65%)
20-Apr-2026 11:29 View Price Chart
Peers
Company Name CMP
SBI 1118.60
PNB 114.85
Canara Bank 144.10
Bank Of Baroda 285.00
Union Bank Of India 189.95
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×