Bank of India raised ₹2,500 crores through tier two bonds at 7.49% coupon rate. The funds will support normal business activities, not specific projects.
The IPO, which opened for subscription on August 17 and closed on August 19, received an overwhelming response, with the issue subscribed 62.97 times overall.
Under Sebi’s T+1 settlement cycle, investors need to purchase a company’s shares at least one trading day before the record date to ensure the shares
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