Latest News | Bank of India Shareholders Okay Rs 2,500 Cr Capital Raise Plan
Get latest articles and stories on Latest News at LatestLY. State-owned Bank of India on Saturday said its shareholders have approved a proposal to raise up to Rs 2,500 crore fresh equity capital by various modes.
New Delhi, Jul 16 (PTI) State-owned Bank of India on Saturday said its shareholders have approved a proposal to raise up to Rs 2,500 crore fresh equity capital by various modes.
The decision was taken at the bank's Annual General Meeting (AGM) held on July 15, Bank of India said in a release.
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The bank said the shareholders approved the agenda to raise fresh equity capital up to an amount of Rs 2,500 crore including share premium, by way of public issue or right issue or preferential issue or QIP or private placement.
The meeting also took the agendas to approve and adopt the audited accounts for the period ended 31st March 2022 and to declare dividend for the Financial Year 2021-22 at Rs 2 (20 per cent) per share.
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All the three agenda items were passed with requisite majority, the bank said.
(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)