Bank of Baroda to raise Rs.1550 crore through preferential issue

The Board of Directors of Bank of Baroda at its meeting held on December 24, 2012, considered and approved issuance of Equity Shares of face value of Rs. 10/- each, for an amount upto Rs. 1550 crores, at such price as may be decided as per SEBI (ICDR) Regulations, on preferential basis in favour of Government of India.

The Bank of Baroda stock closed the day at Rs.854.40, up by Rs.7.15 or 0.84%. The stock hit an intraday high of Rs.860.95 and low of Rs.847.55.

The total traded quantity was 0.42 lakhs compared to 2 week average of 0.89 lakhs.

Source : Equity Bulls

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