Bank of Baroda has informed that further to their letter dated 28th September 2015 about the proceedings/outcome of the EGM approving by Special Resolution, the proposal to create, offer, issue and allot up to 9,26,63,692 equity shares to Government of India, the bank has now advise that on receipt of the funds from the Government of India, the Bank has on 29th September 2015 issued and allotted 9,26,63,692 Equity shares of Rs 2 each fully paid up at an issue price of Rs 192.74 per equity share (premium of Rs 190.74 per share) amounting to Rs1785,99,99,996.08 to Government of India (President of India) on preferential basis, in terms of SEBI (ICDR) Regulations, 2009, as amended up to date. Further action is being taken in the matter in compliance of the stipulated time line.
The above information is a part of company’s filings submitted to BSE.
