New Delhi, Jun 11 (PTI) State-owned Bank of India on Friday said it has allotted preference shares to the government for Rs 3,000 crore capital infusion.

The bank has allotted 42,11,70,854 fresh equity shares of Rs 10 each to the government (promoter) at Rs 71.23 per share, amounting to Rs 3,000 crore through preference issue, Bank of India said in a regulatory filing.

Shares of the bank closed 0.37 per cent up at Rs 80.45 apiece on BSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)