Bank of India gets Board’s nod to raise Tier-1 and Tier-2 capital via equity and
bond issue
18/06/2014 09:58
Public sector lender Bank of India on Tuesday announced the board of bank has approved the raising of Tier-1 and Tier-2 capital by issue & fresh equity shares and Tier-1 and Tier-2 Bonds at an appropriate time subject to all necessary approvals.
“The Board of Directors of the bank at its meeting held on May 29, 2014, have approved the raising of Tier-1 and Tier-2 capital by issue & fresh equity shares and Tier-1 and Tier-2 Bonds at an appropriate time subject to all necessary approvals,” Bank of India said in a filing to Bombay Stock Exchange.
Tracking the news, shares of lender were trading higher at Rs 303.20 a piece, up 1.05 per cent from previous closing on BSE at 10:05 hours.
18/06/2014 09:58
Public sector lender Bank of India on Tuesday announced the board of bank has approved the raising of Tier-1 and Tier-2 capital by issue & fresh equity shares and Tier-1 and Tier-2 Bonds at an appropriate time subject to all necessary approvals.
“The Board of Directors of the bank at its meeting held on May 29, 2014, have approved the raising of Tier-1 and Tier-2 capital by issue & fresh equity shares and Tier-1 and Tier-2 Bonds at an appropriate time subject to all necessary approvals,” Bank of India said in a filing to Bombay Stock Exchange.
Tracking the news, shares of lender were trading higher at Rs 303.20 a piece, up 1.05 per cent from previous closing on BSE at 10:05 hours.
