Bank of Baroda allots Equity Shares to Government of India (GOI) on preferential basis

On January 18, 2014, the Allotment Committee of Bank of Baroda has issued and allotted 81,58,784 Equity shares of Rs. 10/- each fully paid up at issue price of Rs. 674.12 aggregating to Rs. 549,99,99,470.08 (Rs Five hundred forty nine crore, ninety nine lacs, ninety nine thousand, four hundred seventy and paise eight only) to Government of India (President of India) on preferential basis, as per SEBI Guidelines.

Shares of Bank of Baroda was last trading in BSE at Rs.622.35, down by Rs.6.55 or 1.04%. The stock hit an intraday high of Rs.629.90 and intraday low of Rs.615.90.

The total traded quantity was 1.35 lakh shares as compared to 2 week average of 1.75 lakh shares.

Source : Equity Bulls

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