Bank of Baroda rises on getting nod to raise long term bonds of Rs 5000 crore

Bank Of Baroda is currently trading at Rs. 101.15, up by 1.20 points or 1.20% from its previous closing of Rs. 99.95 on the BSE.

bank of baroda to raise funds through various ways
bank of baroda to raise funds through various ways

The scrip opened at Rs. 99.65 and has touched a high and low of Rs. 101.60 and Rs. 99.60 respectively. So far 50753 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. 101.75 and Rs. 94.25 respectively. The current market cap of the company is Rs. 51687.76 crore.

The promoters holding in the company stood at 63.97%, while Institutions and Non-Institutions held 24.22% and 11.81% respectively.

Bank of Baroda’s board has approved the proposal of Raising of Long term Bonds for financing of Infrastructure & Affordable Housing to the tune of Rs 5000 crore 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. The Board of Directors in their meeting held on June 27, 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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