BANK OF INDIA - Updates

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22 Nov 2017
Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we hereby inform that the Securities and Exchange Board of India ('SEBI') vide its letter dated November 20, 2017 (the 'Letter') permitted the Bank to <BR> <BR> (i) raise capital by way of issue of equity shares through qualified institutional placement subject to the receipt of the approval from the Government of India ('QIP'); and <BR> (ii) achieve minimum public shareholding as required under rule 19A of the Securities Contract Regulation (Rules), 1957 pursuant to the QIP. <BR> <BR> SEBI has also, pursuant to the Letter, exempted the Bank from the applicability of Regulation 82(c) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009. <BR>
View all announcements for BANK OF INDIA	Source: BSE India

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