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Bank of India rises on fund raising plans

Capital Market 

of rose 0.85% to Rs 166.30 at 13:03 on after the scheduled a board meeting on 20 January 2018 to consider capital raising plans.

The announcement was made during trading hours today, 11 January 2018.

Meanwhile, the Sensex was up 94.55 points, or 0.27% to 34,527.62

On the BSE, 1.13 lakh shares were traded in the counter so far, compared with average daily volumes of 2.66 lakh shares in the past two weeks. The stock had hit a high of Rs 167.50 and a low of Rs 162.80 so far during the day. The stock hit a 52-week high of Rs 216.70 on 17 November 2017. The stock hit a 52-week low of Rs 110.40 on 10 January 2017.

The large-cap has an equity capital of Rs 1184.55 crore. Face value per share is Rs 10.

had on 29 December 2017 received infusion of Rs 2257 crore from Government of India, in form of Common Equity Tier-1 Capital, which is being kept as Share Application Money. Further, the bank has scheduled a board meeting on 20 January 2018 to consider capital raising plans.

Net profit of rose 41.2% to Rs 179.07 crore on 1.1% rise in total income to Rs 11600.47 crore in Q2 September 2017 over Q2 September 2016.

The held 75.123% stake in Bank of India as per the shareholding pattern as on 31 December 2017.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 13:06 IST
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