Bank of Baroda board to raise Rs1000 crore long term bonds; Stock rises

18 Jul 2022 , 09:18 AM

Bank of Baroda has informed that the Investment Committee of the Bank in its meeting held on July 16,2022 has approved raising of Rs1000 crore towards Long Term Bonds for Financing of Infrastructure and Affordable Housing out of the Board approved limit of Rs5000 crore.

On Monday morning trade at around 9:18 AM, Bank of Baroda was trading at Rs104.50 per share up by Rs0.45 or 0.43% from its previous closing of Rs104.05 per share on the BSE.

The scrip opened at Rs105 and has touched a high and low of Rs105.35 and Rs104.35 respectively so far today. The current market cap of the company is Rs53,808.02 crore.