BoI allots 2.21 cr equity shares to Govt of India

MUMBAI, Mar 7:  Public lender, Bank of India has allotted 2.21 crore equity shares to the Government of India at Rs 365.70 per share.
The large-cap bank has equity capital of Rs 573.78 crore. Face value per share is Rs 10.
The bank has allotted 2.21 crore equity shares to Government of
India (GoI) at an issue price of Rs 365.70 per share.
The issue of shares represents a 14.56 per cent premium over Bank of India’s current share price.
The Government of India held 62.72 per cent stake in Bank of India (as per the shareholding pattern as on 31 December 2012).
Following the recent issue, Government of India’s holding rose to 64.1 per cent in the state-run bank, a release issued by the bank said.
(UNI)

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