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Bank of Baroda to offer shares of UTI AMC in OFS

Posted On: 2019-12-09 13:26:40

The Investment Committee of Bank of Baroda in its meeting held today has approved the participation of the bank in the proposed initial public offering of equity shares of UTI Asset Management Company Limited by way of an offer for sale of up to 1,04,59,949 Equity Shares held by it, subject to the approval of the Securities and Exchange Board of India (SEBI), and of any other regulatory authority, as applicable and subject to such flexibility as may be permitted under applicable laws, and further subject to pricing, timing and other Offer considerations, in accordance with the SESI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, the Companies Act, 2013, as amended, including rules made thereunder and other applicable laws.

Shares of BANK OF BARODA was last trading in BSE at Rs.97.15 as compared to the previous close of Rs. 102.25. The total number of shares traded during the day was 2249852 in over 6939 trades.

The stock hit an intraday high of Rs. 103.65 and intraday low of 96.4. The net turnover during the day was Rs. 222134469.


Source: Equity Bulls

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