Bank of Baroda has today executed a Share Purchase Agreement for sale of its entire equity stake of 4.90% in Petronet MHB Ltd.
Petronet MHB Ltd. provides petroleum product transportation facility through its network of pipelines from Mangalore Refinery (Mangalore) to Oil Marketing Company Terminals at Hassan & Devangonthi (Bangalore).
The stake has been sold for cash consideration of Rs. 52,56,01,300.35.
Shares of BANK OF BARODA was last trading in BSE at Rs.78.25 as compared to the previous close of Rs. 80.25. The total number of shares traded during the day was 886733 in over 2550 trades.
The stock hit an intraday high of Rs. 80.35 and intraday low of 77.3. The net turnover during the day was Rs. 69491920.