Question
Through what financial mechanism did Bank of India (BoI)
recently secure ₹4,500 crore by issuing approximately 44.91 crore equity shares at an issue price of ₹100.20 per equity share?Solution
Bank of India (BoI) has raised ₹4,500 crore via qualified institutions placement (QIP) of about 44.91 crore equity shares at an issue price of ₹100.20 per equity share.
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