Bank of Baroda allots 9,26,63,692 Equity Shares to Government of India

Bank of Baroda has announced with reference to the proceedings/outcome of the EGM approving by Special Resolution, the proposal to create, offer, issue and allot up to 9,26,63,692 equity shares to Government of India, the bank has now advise that on receipt of the funds from the Government of India, the Bank has on 29th September 2015 issued and allotted 9,26,63,692 Equity shares (Nine Crore, Twenty Six Lac, Sixty Three Thousand, Six Hundred and Ninety Two Only) of Rs 2/- each (Rupees Two Only) fully paid up at an issue price of Rs. 192.74 per equity share (premium of Rs. 190.74 per share) amounting to Rs.1785,99,99,996.08 to Government of India (President of India) on preferential basis, in terms of SEBI (ICDR) Regulations, 2009, as amended up to date. Further action is being taken in the matter in compliance of the stipulated time line.

Shares of BANK OF BARODA was last trading in BSE at Rs.183.3 as compared to the previous close of Rs. 186.9. The total number of shares traded during the day was 711131 in over 7507 trades.

The stock hit an intraday high of Rs. 189.7 and intraday low of 181.6. The net turnover during the day was Rs. 131363733.

Source : Equity Bulls

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