Categories
CoatTailing

Bank Of India shows which stocks to avoid

When a PSU Bank holds equity stakes in a company, it is usually because the company has defaulted on its loans and the Bank is forced to take equity as part of the debt restructuring arrangement.

This portfolio of Bank Of India perfectly illustrates this:

Symbol Entity # of Shares % Date End
3IINFOTECH BANK OF INDIA 8933208 1.55 201406
AICHAMP Bank Of India 480200 1.75 201406
CRANESSOFT BANK OF INDIA 11291723 9.59 201406
EUROCERA BANK OF INDIA 1023751 3.03 201406
GTL BANK OF INDIA 6099512 3.88 201406
GTLINFRA BANK OF INDIA 78160268 3.38 201406
KFA BANK OF INDIA 8723635 1.08 201406

 

To know what top investors areĀ  buying/holding/selling in India, subscribe to our Investor Wisdom Newsletter