 "Bank of India to raise up to Rs 626 crore via STCIF stake sale")
State-owned Bank of India looks to raise up to Rs 626 crore through sale of its stake — fully or partly — in non-banking finance company STCI Finance (STCIFL).
The Bank of India (BoI) holds 1,13,83,781 shares in the STCIFL, representing 29.96 per cent stake. “BOI is proposing to sell its partial/entire stake in STCIFL to unlock its value of its investment by floating this request for proposal (RFP)... The indicative minimum price per share of the STCIFL is Rs 550,” BoI said.
The bank has called a pre-bid meeting on August 14 and the final bids are
The Bank of India (BoI) holds 1,13,83,781 shares in the STCIFL, representing 29.96 per cent stake. “BOI is proposing to sell its partial/entire stake in STCIFL to unlock its value of its investment by floating this request for proposal (RFP)... The indicative minimum price per share of the STCIFL is Rs 550,” BoI said.
The bank has called a pre-bid meeting on August 14 and the final bids are
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