Bank of India has announced that it has allotted 10,14,82,527 equity shares of Rs. 10/- each to Government of India on a preferential basis.
Bank of India has announced that it has allotted shares to GOI on a preferential basis:
The bank alloted 10,14,82,527 equity shares of Rs. 10/- each to Government of India at a price of Rs.113.32 per share; 1,60,00,000 equity shares of Rs. 10/- each to Life Insurance Corporation of India at Rs.96.03 per share.
Bank of India is currently trading at Rs. 85.75, down by Rs. 0.15 or 0.17% from its previous closing of Rs. 85.9 on the BSE.
The scrip opened at Rs. 85.9 and has touched a high and low of Rs. 86.25 and Rs. 85.35 respectively. So far 758230(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7014.19 crore.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 224 on 06-May-2015 and a 52 week low of Rs. 80.1 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs. 96.35 and Rs. 84.85 respectively.
The promoters holding in the company stood at 66.22 % while Institutions and Non-Institutions held 24.53 % and 9.25 % respectively.
The stock is currently trading below its 200 DMA.(News Courtesy: Indiainfoline)