Bank of Baroda has issued and allotted 42,85,59,286 equity shares of Rs 2 each fully paid up at an issue price of Rs 117.65 per equity share (premium of Rs.115.65 per share) amounting to Rs 5,042 crore to Government of India (Promoter) on preferential basis.
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.