Update on capital infusion in our Associate ASREC (India) Ltd.
BANKINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bank of India has infused Rs. 22.64 crores into its associate company ASREC (India) Ltd. This capital infusion has increased Bank of India's equity stake in ASREC from 26.02% to 27.30%, a rise of approximately 1.28 percentage points. The bank disclosed this update under SEBI (LODR) Regulations, 2015. This appears to be a strategic investment to strengthen its holding in the associate entity. The disclosure was made by the Company Secretary Usha Ramsinghani on May 12, 2026.
The increased stake from 26.02% to 27.30% strengthens Bank of India's position in ASREC. While the holding remains below 30%, this capital commitment indicates confidence in the associate's prospects. The investment size of Rs. 22.64 crore is relatively modest for a bank of Bank of India's scale.