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Bank of Baroda gets nod to raise funds up to Rs 19,400 crore

23 May 2019 Evaluate

Bank of Baroda has received an approval to raise additional capital fund up to Rs 19,400 crore up to March 31, 2020 and beyond if found expedient, comprising of Rs 11,900 crore by way of Common Equity Capital by various modes including QIP, ESPS, etc. in suitable stages and Rs 7,500 crore by way of Additional Tier I/ Tier II capital instruments with an inter-changeability option, issued in India/Overseas in suitable tranches. This will be subject to applicable statutory/regulatory approvals. The Board of Directors of the Bank in its meeting held on May 22, 2019 approved the same.

The Board also approved the issuance of up to 15,00,00,000 fresh equity shares to its employees and whole time directors in one or multiple tranches under Bank of Baroda Employee Share Purchase Scheme (BOB-ESPS) pursuant to SEBI (Share Based Employee Benefits) Regulations, 2014, subject to modalities of scheme to be finalized by Board / Committee of Board. This will be subject to applicable statutory/regulatory approvals.

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.

Bank Of Baroda Share Price

251.10 -9.05 (-3.48%)
03-Jul-2026 11:13 View Price Chart
Peers
Company Name CMP
State Bank Of India 1046.00
PNB 105.15
Bank Of Baroda 251.10
Canara Bank 127.10
Union Bank Of India 162.90
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