BoI ( Bank of India ) IPO
Bank of India (BoI) chairman T S Narayanasami has said that the bank may tap the capital market to raise fresh equity and dilute 5% Government`s stake, reports Economic Times.
Currently the government holds 69.47% stake in the bank. Bank of India expects (Q, N,C,F)* 23-24% loan growth in the 2007-08 fiscal.
It has 2,644 branches, a reasonable presence abroad, with a network of 23 branches. It`s international business accounts for 20.10% of the total business.
Shares of the bank declined Rs 6.55, or 3.92% to end at Rs 160.60. The total volume of shares traded was 205,527 at the BSE.(Friday).
