Bank of Baroda rises on getting nod to raise Rs 1,132 crore under ESP scheme

04 Sep 2019

Bank of Baroda is currently trading at Rs. 91.90, up by 0.45 points or 0.49% from its previous closing of Rs. 91.45 on the BSE.

The scrip opened at Rs. 91.55 and has touched a high and low of Rs. 92.70 and Rs. 91.00 respectively. So far 595902 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 152.70 on 04-Sep-2018 and a 52 week low of Rs. 89.10 on 30-Aug-2019.

Last one week high and low of the scrip stood at Rs. 95.90 and Rs. 89.10 respectively. The current market cap of the company is Rs. 35639.93 crore.

The promoters holding in the company stood at 69.23%, while Institutions and Non-Institutions held 22.20% and 8.57% respectively.

Bank of Baroda has received an approval to raise up to Rs 1,132.05 crore by issuing fresh shares to its staff under the Employee Share Purchase Scheme (ESPS). The compensation committee of the board at its meeting held on September 3, 2019 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.

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