Bank of India receives Sebi’s nod to raise up to INR 3000 crore

 

Bank of India has announced that Securities and Exchange Board of India permitted the Bank to raise capital up to INR. 3000 crore by way of issue of equity shares through qualified institutional placement subject to the receipt of the approval from the Government of India (‘QIP‘); and achieve minimum public shareholding as required under rule 19A of the Securities Contract Regulation (Rules), 1957 pursuant to the QIP.

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com

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