Bank of Baroda to sell 4.90% stake in Petronet MHB

27 Feb 2020 Evaluate

Bank of Baroda has executed a Share Purchase Agreement for sale of its entire equity stake of 4.90% in Petronet MHB for cash consideration of Rs 52.56 crore. Petronet MHB provides petroleum product transportation facility through its network of pipelines from Mangalore Refinery (Mangalore) to Oil Marketing Company Terminals at Hassan & Devangonthi (Bangalore). The said transaction is expected to be completed by Q4FY2020.

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

264.20 5.35 (2.07%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
SBI 752.60
Bank Of Baroda 264.20
PNB 124.35
Canara Bank 581.90
Union Bank Of India 153.45
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