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Infusion of capital funds by Government of India to the tune of Rs. 2455 Cr by way of issue of equity shares on preferential basis and EGM on Sept 28, 2015

| Updated on August 27, 2015 Published on August 27, 2015

Bank of India has informed BSE that the Government of India (GOI) vide its letter dated August 19, 2015 has infonmed its decision to infuse capital funds to the tune of Rs. 2455 Crore (Two Thousand Four Hundred and Fifty Five crore) in the Bank by way of preferential allotment of equity shares.

In this regard, the Board of Directors have decided to convene an Extra-Ordinary General Meeting (EGM) of the shareholders of the Bank on September 28, 2015, to get the shareholders approval for the proposed preferential Issue of equity shares to Government of India, by way of Special Resolution.

Source : BSE - >www.bseindia.com

Published on August 27, 2015
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