Bank of Baroda approves fund raising of Rs. 5000 crores

The Board of Directors of Bank of Baroda in their meeting held today has approved the proposal of Raising of Long term Bonds for financing of Infrastructure & Affordable Housing to the tune of Rs. 5000.00 crores in single or multiple tranches during Financial Year 2022-23.

These bonds shall be senior, unsecured and will not form part of capital of the Bank.

Shares of Bank of Baroda was last trading in BSE at Rs. 99.95 as compared to the previous close of Rs. 99.95. The total number of shares traded during the day was 748425 in over 4692 trades.

The stock hit an intraday high of Rs. 101.75 and intraday low of 99.55. The net turnover during the day was Rs. 75340304.00.

Source : Equity Bulls

Keywords

BankofBaroda INE028A01039 FundRaising LongTermBonds AffordableHousing Infrastructure