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Bank of Baroda rises on getting approval to raise funds via Bonds

17 Dec 2018 Evaluate

Bank of Baroda is currently trading at Rs. 112.05, up by 0.75 points or 0.67% from its previous closing of Rs. 111.30 on the BSE.

The scrip opened at Rs. 111.50 and has touched a high and low of Rs. 112.50 and Rs. 111.20 respectively. So far 340268 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 179.65 on 24-Jan-2018 and a 52 week low of Rs. 90.70 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 115.65 and Rs. 102.55 respectively. The current market cap of the company is Rs. 29629.78 crore.

The promoters holding in the company stood at 63.74%, while Institutions and Non-Institutions held 27.11% and 9.15% respectively.

Bank of Baroda has received approval to raise funds through issuance of Tier-II Capital Bonds compliant with Basel III Capital Regulations of the Reserve Bank of India for issue size not exceeding upto Rs 525 crore, with a base issue size upto Rs 200 crore and a Green shoe option to retain oversubscription upto Rs 325 crore. The Capital Raising Committee of the bank at its meeting held on December 17, 2018 has approved the same.

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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