Bank of India QIP subscribed 4.11 times; lender raises Rs 4,500 crore

December 8, 2023

The lender received a total 104 bids aggregating up to Rs 18,483 crore, it said in an exchange filing. The state-owned lender allotted shares to qualified institutional buyers at Rs 100.20 a share, a discount of nearly 5% to the floor price of Rs 105.42.

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