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Bank of India Allots Shares Worth Rs 264 Crore to LIC

State-run Bank of India has allotted 2 crore shares to LIC valued at Rs 264.12 crore.
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Bank of India Allots Shares Worth Rs 264 Crore to LIC
New Delhi: State-run Bank of India has allotted 2 crore shares to LIC valued at Rs 264.12 crore.
"The bank has allotted 2 crore equity shares to Life Insurance Corporation of India (LIC) on preferential basis at the price of Rs 132.06 per share," it said in a regulatory filing on Wednesday.

The allotment of shares was done yesterday, it added.

Bank of India shares traded 0.57 per cent up at Rs 114.80 apiece during noon on BSE.

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