Bank of India to issue 4 crore shares to Government of India

The Board of Directors of Bank of India at its meeting held on November 08, 2011, have decided to issue upto 4,00,00,000 fresh equity shares for face value of Rs. 10/- each at an appropriate premium through Preferential Issue to the promoters i.e. Government of India or by any other mode as permitted and at an appropriate time.

The stock closed the day at Rs.325.45, down by Rs.2.25 or 0.69%. The stock hit an intraday high of Rs.330.40 and low of Rs.324.05.

The total traded quantity was 1.43 lakhs compared to 2 week average of 1.32 lakhs.

Source : Equity Bulls

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