Mumbai, December 11 (Udaipur Kiran): Shares of Bank of India (BoI) surged on Thursday after the bank successfully raised Rs 2,500 crore through Basel III-compliant Tier II bonds to support its business growth. The stock was trading at Rs 141.05 on the BSE, up by 2.85 points or 2.06 per cent from its previous close of Rs 138.20.

The scrip opened at Rs 139.00 and touched an intraday high of Rs 141.75 and a low of Rs 138.85. A total of 3,14,577 shares were traded on the counter during the session.

The BSE Group ‘A’ stock, with a face value of Rs 10, had touched a 52-week high of Rs 151.35 on November 26, 2025, and a 52-week low of Rs 90.00 on January 13, 2025. Over the last one week, the stock moved between a high of Rs 143.70 and a low of Rs 136.70. The company’s current market capitalisation stands at Rs 64,192.62 crore.

Promoter holding in the bank stands at 73.38 per cent, while institutional and non-institutional investors hold 19.87 per cent and 6.75 per cent, respectively.

Bank of India raised the Rs 2,500 crore through Tier II bonds, with a base issue size of Rs 1,000 crore and a green shoe option of Rs 1,500 crore. The bonds carry a coupon rate of 7.28 per cent per annum. The capital raised will augment the bank’s overall capital base and strengthen its long-term resources in line with RBI guidelines.

The bank clarified that the funds are not earmarked for any specific project and will be utilised for normal business operations.

Bank of India offers a wide range of services, including personal banking, corporate banking, rural and MSME banking, retail services, NRI services, and cards/ATM facilities.