Bank of India (BoI) today said it would raise about Rs 200 crore from a bond issue that will open tomorrow for private placement.
The fund will be raised through Innovative Perpetual Debt Instruments of Rs 200 crore with an option to retain oversubscription, BoI told the Bombay Stock Exchange.
The proposed date of opening is tomorrow and the closing date is February 4, it said.
The bank's shares closed at Rs 232.75, up 1.06 per cent, on the BSE.
