Boi Shuts The Door On I-Sec, Canbank

Since the issue size is over Rs 400 crore , the Securities and Exchange Board of India (Sebi) allows the issuer to have five merchant bankers as lead managers and another three as co-managers.

Normally, the issuer always tries to have at least two if not three public sector merchant bankers out of the five lead managers. But the Bank of India topbrass has decided to have just one public sector merchant banker