Bank of India to raise Tier-1 and Tier-2 capital

The Board of Directors of Bank of India at its meeting held on May 29, 2014, have approved the raising of Tier-1 and Tier-2 capital by issue & Fresh Equity Shares and Tier-1 and Tier-2 Bonds at an appropriate time subject to all necessary approvals.

Shares of BANK OF INDIA was last trading in BSE at Rs.300.05 as compared to the previous close of Rs. 289.4. The total number of shares traded during the day was 991239 in over 28350 trades.

The stock hit an intraday high of Rs. 302.2 and intraday low of 280.3. The net turnover during the day was Rs. 287827678.

Source : Equity Bulls

Keywords