Bank of Baroda receives interim distribution from liquidator

Bank of Baroda has received an amount of USD 29,391,204.52 from the liquidator towards the interim distribution of capital repatriation on account of Member's Voluntary Liquidation (MVL) of India International Bank Malaysia (IIBMB), which is a joint venture of three banks namely Bank of Baroda, Union Bank of India and Indian Overseas Bank, in which the share of Bank of Baroda is 40%.

Shares of Bank of Baroda was last trading in BSE at Rs. 291.95 as compared to the previous close of Rs. 287.95. The total number of shares traded during the day was 353177 in over 3170 trades.

The stock hit an intraday high of Rs. 292.60 and intraday low of 288.40. The net turnover during the day was Rs. 102249418.00.

Source : Equity Bulls

Keywords

BankofBaroda INE028A01039 BOB InterimDistribution Liquidator