Financial institution Of India Allots Shares To Govt For Rs 3,000 Crore Capital Infusion

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 Bank of India allots shares to govt for Rs 3,000 crore capital...


The financial institution has allotted 42,11,70,854 contemporary fairness shares of Rs 10 every to the federal government (promoter) at Rs 71.23 per share, amounting to Rs 3,000 crore by means of choice situation, Financial institution of India stated in a regulatory submitting.

PTI

June 11, 2021 / 10:50 PM IST

State-owned Financial institution of India on Friday stated it has allotted choice shares to the federal government for Rs 3,000 crore capital infusion.

The financial institution has allotted 42,11,70,854 contemporary fairness shares of Rs 10 every to the federal government (promoter) at Rs 71.23 per share, amounting to Rs 3,000 crore by means of choice situation, Financial institution of India stated in a regulatory submitting.

Shares of the financial institution closed 0.37 per cent up at Rs 80.45 apiece on BSE.

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