Bank of India announces closure of QIP issue; raises Rs 2,550 cr


Bank of India announces closure of QIP issue; raises Rs 2,550 cr

The issue had opened on August 25, and closed on August 30, 2021, and the bank had targeted to raise up to Rs 3,000 crore equity capital through this issue.

This will be one of the largest acquisitions in India’s digital payments space and by far the biggest move to consolidate the fast-growing sector. It comes at a time when the digital payments ecosystem is seeing huge traction.


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