Bank of India gets shareholder nod for Rp80bn fundraising

By Jonathan Breen
21 Sep 2020

Government-owned Bank of India has won approval from its shareholders to raise up to Rp80bn ($1.1bn) in fresh capital.

The proposal was waved through at an extraordinary general meeting on September 19. The lender has the option to raise the funds through a variety of methods, including a qualified institutional placement, a public issue, a rights issue, a preferential offering of shares or a private placement.

The ...

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