Government to infuse more than Rs 10,000 crore into Bank of India

Updated: Dec 30, 2018, 11:57 IST | PTI

According to the filing, the bank's board will consider "by way of circular resolution on or after January 2, 2019 the proposal for raising capital by this infusion"

Government to infuse more than Rs 10,000 crore into Bank of India
Representational picture

The Central government has decided to infuse Rs 10,086 crore into Bank of India. The bank informed the BSE in a regulatory filing on Saturday that the capital infusion in its equity will be done by way of preferential allotment.

According to the filing, the bank's board will consider "by way of circular resolution on or after January 2, 2019 the proposal for raising capital by this infusion and further issue of equity shares or securities at an appropriate time and other incidental matters thereat".

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

Nita Ambani Takes IPL Trophy To Siddhivinayak Temple

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK