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Experience open loan specialist Bank of India surged more than four percent with an intraday high of Rs 243.35. The state-run moneylender arrangements to raise crisp trusts to fortify its accounting report.
In a documenting to trades, Bank of India said it will raise up to Rs 642 crore by offering shares to state run Life Insurance Corporation of India and New India Assurance organization to reserve its business development and meet worldwide danger standards.
Bank of India will be issuing up to 2.26 crore offers at Rs 283.50 every offer, which is about 22 every penny higher than its past shutting cost of Rs 232.70 on the National Stock Exchange.
The Bank Nifty, NSE's benchmark record for keeping money offers, additionally bounced back more than 2 every penny today. The Bank Nifty had remedied more than 7 every penny in keep going seven exchanging sessions on the once again of disillusioning results reported by some open division banks.
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