Which bank raised Rs.660 crore by selling shares to employees under Em – InterviewSolution

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1.	Which bank raised Rs.660 crore by selling shares to employees under Employee Share Purchase Scheme (ESPS)?
Answer» State-owned Bank of India (BoI) raised Rs.660.80 crore by issuing shares to employees under Employee Share Purchase Scheme (ESPS). The bank issued 6,25,52,188 shares of Rs.10 each to eligible employees. The Bank offered a discount of 24.28% on the applicable price to the employees and about 94.70% of total employees participated.

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