Bank of India will issue new shares of 2500 crores, the board approved the proposal

Public sector Bank of India is also going to issue its shares. The bank has given this information in the BSE filing. BOI said on Monday that it will raise Rs 2,500 crore by issuing fresh equity shares. The bank took this step so that it can comply with the minimum public shareholding rules of 25%. Let us tell you that it is very important to do this under the new rules of SEBI.