Bank of Baroda moves up on getting nod to raise additional capital up to Rs 5,000 crore

Bank of Baroda is currently trading at Rs. 186.75, up by 1.85 points or 1.00% from its previous closing of Rs. 184.90 on the BSE.

bank of baroda trades higher on the bourses
Bank Of Baroda

The scrip opened at Rs. 185.20 and has touched a high and low of Rs. 187.05 and Rs. 185.10 respectively. So far 564146 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 197.20 on 09-Dec-2022 and a 52 week low of Rs. 89.90 on 20-Jun-2022.

Bank of Baroda Last one week high and low of the scrip stood at Rs. 187.10 and Rs. 182.10 respectively. The current market cap of the company is Rs. 96652.76 crore.

The promoters holding in the company stood at 63.97% while Institutions and Non-Institutions held 27.92% and 8.11% respectively.

Bank of Baroda has received approval for raising of additional capital up to Rs 5,000 crore by way of Additional Tier I (AT I) or Tier II Debt Capital Instruments with an interchangeability option in India/overseas, in suitable tranches up to March 31, 2024 and beyond if found expedient. The above capital will be raised when market is conducive. The Board of Directors of Bank of Baroda at its meeting held on June 2, 2023, approved 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.