Subject to all regulatory approvals, and shareholder's consent, Board of Directors of Bank of India has considered and approved the following by circular resolution today, i.e on 06.12.2019:
The issuance of upto 125 crore fresh equity shares through Qualified Institutions Placement, public issue, rights issue, private placement, or such other mode of issue as permitted at an appropriate time.
The issuance of such securities (including Tier I, Tier II bonds, preference shares) which may be classified for Tier I and/or Tier II capital on a private placement / public issue basis, in one or more tranches upto an amount of Rs 10,000 Crore at an appropriate time.
To obtain shareholders' approval through postal ballot for the above-mentioned matters.
Shares of BANK OF INDIA was last trading in BSE at Rs.67.85 as compared to the previous close of Rs. 70.95. The total number of shares traded during the day was 336901 in over 1300 trades.
The stock hit an intraday high of Rs. 71.5 and intraday low of 67.8. The net turnover during the day was Rs. 23356841.