Bank of India has successfully increased its equity stake in its associate, ASREC (India) Limited, following a fresh capital infusion. By investing Rs 22.64 crore into the entity on May 12, 2026, the bank has raised its ownership percentage, further consolidating its investment in the associate firm.
Strategic Capital Infusion
On May 12, 2026, Bank of India announced a fresh capital infusion of Rs 22.64 crore into its associate company, ASREC (India) Limited. This strategic move is part of the bank’s ongoing financial management and commitment to supporting its associate entities.
Impact on Equity Holding
As a direct result of this capital investment, the equity stake held by Bank of India in ASREC (India) Limited has seen a notable rise. The bank’s holding has increased from 26.02% to 27.30%. This adjustment reflects the bank’s increased interest and capital allocation toward the associate, aligning with its broader corporate investment strategy.
Source: BSE
