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.
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.
All the three agenda items were passed with requisite majority, the bank said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
Millions of Americans will soon receive a $400 stimulus check automatically. No application or paperwork…
Zohran Mamdani, a 33-year-old democratic socialist, is running for New York City mayor with plans…
Alaska residents waiting for their $1,702 stimulus payment won’t have to wait long. The next…
Choosing when to start Social Security at 62, 67, or 70 can change how much…
High-yield savings accounts are still giving better interest than regular ones in 2025. Experts say…
If your debt is more than half of your yearly income and keeps growing, it…