Bank Of India has informed the Exchange regarding 'Prior intimation of Board Meeting'.
BANKINDIA · price
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Bank of India has informed the stock exchanges that its Board of Directors will meet on 26th June 2025 to consider raising funds through the issue of Long Term Infrastructure Bonds. The intimation is being made under SEBI Listing Regulations to keep investors and the exchange informed in advance. No details on the size, coupon, or timing of the bond issue have been disclosed yet. The bank is a public sector lender, and infrastructure bonds are typically used to fund long-term lending to the infrastructure sector.
This is a routine pre-meeting intimation and not an approval. The actual fund raise details (size, pricing, tenure) will only be known after the Board meeting on 26th June. Shareholders should watch for the outcome, as a successful bond issue could support the bank's infrastructure lending growth but may also add to liabilities.