Bank of India raises ~2,550 cr via QIP issue

Bank of India on Tuesday announced the closure of its QIP issue and said that it has raised ~2,550 crore by issuing more than 40.5 crore shares to the qualified institutional buyers. The capital issue committee at its meeting held has approved the issue and allotment of 40,54,71,866 equity shares to eligible QIBS at an issue price of ~62.89 per share, aggregating to ~2,550.01 crore, it said.