Bank of India jumps on raising Rs 2,000 crore via bonds

14 Sep 2023 Evaluate

Bank of India is currently trading at Rs. 106.35, up by 2.68 points or 2.59% from its previous closing of Rs. 103.67 on the BSE.

The scrip opened at Rs. 104.70 and has touched a high and low of Rs. 107.78 and Rs. 104.37 respectively. So far 2377983 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 107.78 on 14-Sep-2023 and a 52 week low of Rs. 45.90 on 29-Sep-2022.

Last one week high and low of the scrip stood at Rs. 107.78 and Rs. 92.61 respectively. The current market cap of the company is Rs. 43826.09 crore.

The promoters holding in the company stood at 81.41%, while Institutions and Non-Institutions held 12.15% and 6.44% respectively.

Bank of India has raised Rs 2,000 crore through tier II bonds at a coupon rate of 7.88 per cent. The amount was mopped up on the electronic bidding platform of the NSE. It received 83 bids worth Rs 3,770 crore against the Rs 2,000 crore offer. 

The money will be used to augment the overall capital of the lender and enhance the long-term resources in accordance with the Reserve Bank of India guidelines. The amount will not be used to finance any particular project.

Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.

Bank Of India Share Price

102.95 -3.60 (-3.38%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
SBI 812.50
Bank Of Baroda 240.30
Canara Bank 99.65
PNB 100.70
Union Bank Of India 116.60
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