Bank of Baroda rises on partnering with Aerem Solutions, Aerem Finance
Bank Of Baroda is currently trading at Rs. 168.15, up by 1.35 points or 0.81% from its previous closing of Rs. 166.80 on the BSE.
The scrip opened at Rs. 167.90 and has touched a high and low of Rs. 169.20 and Rs. 166.25 respectively. So far 372310 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 169.20 on 23-Nov-2022 and a 52 week low of Rs. 77.00 on 27-Dec-2021.
Last one week high and low of the scrip stood at Rs. 169.20 and Rs. 161.15 respectively. The current market cap of the company is Rs. 86258.32 crore.
The promoters holding in the company stood at 63.97%, while Institutions and Non-Institutions held 27.83% and 8.19% respectively.
Bank of Baroda has entered into an alliance with Aerem Solutions (ASPL) and its subsidiary, Aerem Finance (AFPL) for the financing of Solar Rooftop projects for captive use by MSMEs. Under the agreement, Bank of Baroda will provide collateral-free loans at affordable rates to MSMEs for installation of captive solar rooftop projects.
This collaboration will encourage MSMEs to adopt solar energy, significantly reducing power bills and increasing profitability of the business as well as supporting the development and growth of the renewable energy market in India.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
