Bank of Baroda gains on getting nod to raise Rs 2500 crore
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Bank Of Baroda is currently trading at Rs. 119.55, up by 1.30 points or 1.10% from its previous closing of Rs. 118.25 on the BSE.
The scrip opened at Rs. 116.30 and has touched a high and low of Rs. 119.50 and Rs. 116.30 respectively. So far 236164 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 127.00 on 17-Aug-2022 and a 52 week low of Rs. 72.50 on 23-Aug-2021.
Last one week high and low of the scrip stood at Rs. 127.00 and Rs. 116.30 respectively. The current market cap of the company is Rs. 61565.07 crore.
The promoters holding in the company stood at 63.97%, while Institutions and Non-Institutions held 25.08% and 10.95% respectively.
Bank of Baroda has received approval for issuance of Basel III Compliant Additional Tier 1 (AT 1) Bonds for aggregate total issue size of Rs 2500 crore in single or multiple tranches. The board of directors at its meeting held on August 22, 2022 has approved the same.
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.
