Bank of Baroda approves fund raising of Rs5,000 crore; Stock marginally up

28 Jun 2022 , 09:58 AM

The Board of Directors of Bank of Baroda in their meeting held on June 27, 2022 has approved the proposal of Raising of Long term Bonds for financing of Infrastructure & Affordable Housing to the tune of Rs5000 crore in single or multiple tranches during Financial Year 2022-23.

According to the regulatory filing, these bonds shall be senior, unsecured and will not form part of capital of the Bank.

At around 10:01 AM, Bank of Baroda was trading at Rs100.65 per share up by Rs0.7 or 0.7% from its previous closing of Rs99.95 per share on the BSE.

The scrip opened at Rs99.65 and has touched a high and low of Rs101.60 and Rs99.60 respectively so far today. The current market cap of the company is Rs51,687.76 crore.