Bank of Baroda, one of the leading public sector lenders, has decided to raise funds up to Rs 15 billion. The bank is considering issue of AT-1 Bonds (Basel lll Compliant- Tier l) of Rs 10 billion with a green shoe option of additional Rs 5 billion on private placement basis.

Further the bank said, "This is to augment additional Tier- I Capital of the bank."

Shares of the company gained Rs 4.15, or 0.41%, to trade at  Rs 1,016.  The total volume of shares traded  was  111,431 at the BSE (3.02 p.m., Thursday).