Bank of India (BoI) on Monday said it has invested nearly Rs 109 crore in National Asset Reconstruction Company Ltd (NARCL).
''We hereby inform that on March 21, 2022, bank has invested Rs 108.81 crore in National Asset Reconstruction Company Ltd (NARCL), under preferential share issue,'' the bank said in a regulatory filing.
The bank's shareholding in NARCL will come to 9 percent as on March 21, 2022.
Incorporated in July 2021, NARCL is an asset reconstruction company backed by the government.
Shares of BoI closed at Rs 47.50 apiece on BSE, down by 1.14 percent from previous close.
(With PTI inputs)
(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)
