New NABARD Grade A 2024 Results out!! Register here for a free live workshop on Feb 26, 2025 at 5 PM. Only on Zoom.

    Question

    Through what financial mechanism did Bank of India (BoI)

    recently secure ₹4,500 crore by issuing approximately 44.91 crore equity shares at an issue price of ₹100.20 per equity share?
    A Initial Public Offering (IPO) Correct Answer Incorrect Answer
    B Qualified Institutions Placement (QIP) Correct Answer Incorrect Answer
    C Rights Issue Correct Answer Incorrect Answer
    D Global Depositary Receipt (GDR) Correct Answer Incorrect Answer
    E Venture Capital Funding Correct Answer Incorrect Answer

    Solution

    Bank of India (BoI) has raised ₹4,500 crore via qualified institutions placement (QIP) of about 44.91 crore equity shares at an issue price of ₹100.20 per equity share.

    Practice Next