Bank of Baroda gains on planning to raise funds
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Bank of Baroda is currently trading at Rs. 183.85, up by 2.05 points or 1.13% from its previous closing of Rs. 181.80 on the BSE.
The scrip opened at Rs. 180.30 and has touched a high and low of Rs. 184.70 and Rs. 180.30 respectively. So far 548879 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 197.20 on 09-Dec-2022 and a 52 week low of Rs. 89.90 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 185.00 and Rs. 178.00 respectively. The current market cap of the company is Rs. 94739.36 crore.
The promoters holding in the company stood at 63.97 % while Institutions and Non-Institutions held 27.92 % and 8.11 % respectively.
Bank of Baroda is planning to raise fund through Additional Tier 1 and Tier 2 Debt Capital Instrument with an interchangeability option, subject to applicable statutory/regulatory approvals. A meeting of Board of Directors of Bank of Baroda is scheduled to be held on June 02, 2023 inter-alia to consider & approve the Capital Plan for FY2023-24.
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.
