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M D Mallya demits office as Chairman and MD of Bank of Baroda

Posted On: 2012-12-03 02:42:56

Shri M. D. Mallya, Chairman & Managing Director of Bank of Baroda, demitted his office w.e.f. December 01, 2012, consequent upon his superannuation at the close of working hours on November 03, 2012. Shri Mallya was appointed as Chairman & Managing Director of the Bank w.e.f. May 07, 2008 by the Central Government under section 9(3) (a) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.

The Bank of Baroda stock was trading at Rs.759.30, down by Rs.3.75 or 0.49%. The stock hit an intraday high of Rs.768.95 and low of Rs.756.

The total traded quantity was 0.30 lakhs compared to 2 week average of 0.54 lakhs.


Source: Equity Bulls

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