State-owned lender Bank of India rallied as much as 1.75 percent intraday on Wednesday on fund raising plan.
Yesterday in a meeting, the board of directors of the bank have approved the raising of Tier-I capital by issue fresh equity shares to the Government of India (promoters) or to other investors, on preferential basis or otherwise, subject to necessary approvals.
The government of India owns holds 62.72 percent stake or 35.99 crore equity shares of the bank.
Bank of India stock price
On November 27, 2015, Bank Of India closed at Rs 130.30, up Rs 3.90, or 3.09 percent. The 52-week high of the share was Rs 311.75 and the 52-week low was Rs 123.40.
The latest book value of the company is Rs 398.33 per share. At current value, the price-to-book value of the company was 0.33.
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