Wednesday 23 December 2015

Bank of India to raise Rs.1,500 crore via Tier-II Bonds

The Bank intends to issue Unsecured, Non convertible, Redeemable, Basel III Compliant Tier II Bonds for an amount of Rs. 1,500 crore with a green shoe option of Rs. 1500 crore at an appropriate time.


Bank of India has informed BSE that the Bank intends to issue Unsecured, Non convertible, Redeemable, Basel III Compliant Tier II Bonds for an amount of Rs. 1,500 crore with a green shoe option of Rs. 1500 crore at an appropriate time.

Bank of India is currently trading at Rs. 117.25, up by Rs. 0.8 or 0.69% from its previous closing of Rs. 116.45 on the BSE.

The scrip opened at Rs. 117.3 and has touched a high and low of Rs. 117.6 and Rs. 116.9 respectively. So far 771372(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 9221.83 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 311.75 on 02-Jan-2015 and a 52 week low of Rs. 113 on 14-Dec-2015. Last one week high and low of the scrip stood at Rs. 120.15 and Rs. 115.7 respectively.

The promoters holding in the company stood at 70.13 % while Institutions and Non-Institutions held 21.08 % and 8.79 % respectively.

The stock is currently trading above its 200 DMA.

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