On 21 November 2017
Bank of India announced that SEBI vide its letter dated 21 November 2017 has permitted the Bank to -(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
(ii) achieve minimum public shareholding as required under rule 19A of the Securities Contract Regulation (Rules), 1957 pursuant to the QIP.
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