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 |
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