Bank of India allots shares worth Rs 264 crore to LIC

State-run Bank of India has alloted 2 crore shares to LIC valued at Rs 264.12 crore. The allotment of shares was done yesterday, it added.

Bank of India allots shares worth Rs 264 crore to LIC
NEW DELHI: State-run Bank of India has alloted 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 today.

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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