Bank of India approves capital raising

The Board of Directors of Bank of India at its meeting held on February 11, 2016, have approved the capital plan for raising of upto 82 Crore fresh equity shares, Tier-1 and Tier-2 capital by issue of bonds / preference shares for an amount of Rs. 10,000 Crore at an appropriate time subject to all necessary approvals.

Shares of BANK OF INDIA was last trading in BSE at Rs.84.75 as compared to the previous close of Rs. 85.2. The total number of shares traded during the day was 1487115 in over 9389 trades.

The stock hit an intraday high of Rs. 86 and intraday low of 80.25. The net turnover during the day was Rs. 123400112.

Source : Equity Bulls

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