Bank of Baroda surges on raising Rs 500 crore via Bonds

Bank of Baroda is currently trading at Rs. 100.70, up by 1.65 points or 1.67% from its previous closing of Rs. 99.05 on the BSE.

The scrip opened at Rs. 100.00 and has touched a high and low of Rs. 100.75 and Rs. 98.95 respectively. So far 397540 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 143.60 on 23-May-2019 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. 100.75 and Rs. 93.25 respectively. The current market cap of the company is Rs. 38428.81 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 raised Rs 500 crore through issue of 5000 bonds. The bank has issued and allotted BASEL III Compliant Tier II Bonds – Series XXII of Face Value of Rs 10 lakh each (Unsecured, Redeemable).

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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