Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
07 December, 2021 20:05 IST
Bank of Bank of Baroda raises Rs 45 bn via QIP
Source: IRIS | 04 Mar, 2021, 01.50PM
Rating: NAN / 5 stars.
Comments  |  Post Comment

 Bank of Baroda, one of the leading public sector lenders, on Wednesday has raised Rs 45 billion equity capital through qualified institutional placement (QIP).

The capital raising committee of the board on Mar.3, 2021 approved the issue and allotment of 55,07,95,593 equity shares to eligible qualified institutional buyers at issue price of Rs 81.70 per share against the floor price of Rs 85.98 apiece.

Total seven buyers were allotted more than five per cent of the equity shares offered in the issue.  The seven buyers are BNP Paribas Arbitrage, SBI Life, LIC, Nippon India Large Cap Fund, ICICI Prudential Business Cycle Fund, Aditya Birla Sun Life Trustee and Societe Generale.

The state-owned bank opened the issue on February 25 and closed it on Tuesday, March 02, 2021.

Pursuant to the allotment of equity shares in the issue, the paid-up equity share capital of the bank stands increased to Rs 10.34 billion, comprising 517,13,62,179 equity shares, said the lender.

Shares of the bank gained Rs 0.85, or 0.99%, to trade at  Rs 86.45.  The total volume of shares traded  was  3,354,438 at the BSE (12.17 p.m., Thursday).



 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Hero Motocorp expands operations in Argentina - 07-Dec-2021 17:13
Biocon partners with Tabuk Pharmaceuticals - 07-Dec-2021 13:38
Onward Technologies acquires NV Pune Technology Park - 06-Dec-2021 19:24
Lupin enters into pact with Biomm - 06-Dec-2021 19:12
ICICI Bank: Growing franchise through technological innovations - 06-Dec-2021 13:28
Godrej Properties to develop luxury residential project in Delhi - 06-Dec-2021 13:13
Ramkrishna Forgings wins domestic order worth Rs 720 mn - 06-Dec-2021 12:58
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer