Bank of Baroda, one of the leading public sector lenders, announced that the bank has allotted 92.66 million equity shares to the Government of India (GOI) an issue price of Rs 192.74 a share, aggregating to Rs 17.86 billion.
As on June 30, 2015, the Government of India holds 57.53% stake in the bank.
The stock had outperformed the market over the past one month till Sep. 29, 2015, falling 0.73% compared with the Sensex's 2.33% decline. It outperformed the market in past one quarter, gaining 27.23% as against 6.75% fall in the Sensex.
