Bank Of India informs about qualified institutional placement

Bank Of India | Bank - Public | BFSI | BSE: 532149 | NSE: BANKINDIA

11 Dec 2023 Evaluate

Bank Of India has informed that the Capital Issue Committee (Committee) has, at its meeting held today i.e. 11th December, 2023, approved the issue and allotment of 44,91,01,796 Equity Shares of face value Rs 10 each to eligible Qualified Institutional Buyers at the issue price of Rs 100.20 per Equity Share (including a premium of Rs 90.20 per Equity Share) against the floor price of Rs 105.42 per Equity Share, aggregating to Rs 4,499,99,99,959.20 (Rupees Four Thousand Four Hundred Ninety Nine Crore Ninety Nine Lakhs Ninety Nine Thousand Nine Hundred Filly Nine and Paise Twenty only), pursuant to the Issue in accordance with provisions of SEBI ICDR Regulations. The Issue opened on 5thDecember, 2023 and closed on 8thDecember, 2023 and the same was intimated to you through our letters dated 5h December, 2023 and 8th December, 2023 respectively. Further, attached the list of allottees - QIBs (grouped on common PAN basis) who have been allotted more than five percent (5%) of the Equity Shares offered in the Issue, marked as Annexure A. Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity shares capital of the Bank stands increased from Rs 4,103.57 crores, comprising of 410,35,66,070 Equity Shares to Rs 4,552.67 crores, comprising of 455,26,67,866 Equity Shares. The meeting of the Committee commenced at 11.00 AM and concluded at 11.30 AM.

The above information is a part of company’s filings submitted to BSE.