Bank of Baroda to consider preferential issue to LIC on Feb 27, 2012

A meeting of the Board of Directors of Bank of Baroda will be held on February 27, 2012, to consider proposed preferential issue of Equity Shares as per SEBI ICDR Regulations, in favour of Life Insurance Corporation of India (LIC) / Mutual Funds (MF).

The Bank of Baroda stock was trading at Rs.808.45, down by Rs.7.70 or 0.94%. The stock hit an intraday high of Rs.828.80 and low of Rs.795.

The total traded quantity was 0.92 lakhs compared to 2 week average of 0.90 lakhs.

Source : Equity Bulls

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