Bank of Baroda rises on getting nod to raise Rs 1000 crore

Bank of Baroda is currently trading at Rs. 105.00, up by 0.95 points or 0.91% from its previous closing of Rs. 104.05 on the BSE.

bank of baroda trades higher on the bourses
bank of baroda trades higher on the bourses

The scrip opened at Rs. 105.00 and has touched a high and low of Rs. 105.35 and Rs. 104.35 respectively. So far 44269 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 122.65 on 11-Apr-2022 and a 52 week low of Rs. 72.50 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 110.50 and Rs. 103.35 respectively. The current market cap of the company is Rs. 53808.02 crore.

The promoters holding in the company stood at 63.97%, while Institutions and Non-Institutions held 25.08% and 10.95% respectively.

Bank of Baroda has received an approval for raising of Rs 1000 crore towards Long Term Bonds for Financing of Infrastructure and Affordable Housing out of the Board approved limit of Rs 5000 crore. The Investment Committee of the bank in its meeting held on July 16, 2022 has approved the same.

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.

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