Bank of India to raise capital up to Rs 13006 crore

Bank of India has announced that the Board of Directors of the Bank has approved to raise Tier I and Tier II Capital through issuance of Innovative Perpetual Debt Instruments, Preference Shares, Tier II Bonds and Upper Tier II Capital Bonds to the extent required upto a maximum extent of Rs 13,006/- crore at the appropriate time.

The stock closed the day at Rs.346.40, up by Rs.3.85 or 1.12%. The stock hit an intraday high of Rs.355.65 and low of Rs.342.10.

The total traded quantity was 328788 compared to 2 week average of 392703.

Source : Equity Bulls

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