Bank of Baroda approves raising of Funds through issuance of Basel III compliant AT-I Bonds

Bank of Baroda has initiated the process of raising funds through issuance of Basel III Compliant AT-I (Additional Tier-I Capital) Bonds, i.e. Perpetual Debt Instrument, as per the regulatory definitions of the Reserve Banks of India of Rs. 1000 crore with Green Shoe option of Rs. 1000 crore (Total size not to exceed Rs. 2000 crore) on Private Placement Basis.

Shares of BANK OF BARODA was last trading in BSE at Rs.154.3 as compared to the previous close of Rs. 162. The total number of shares traded during the day was 1269566 in over 7491 trades.

The stock hit an intraday high of Rs. 162 and intraday low of 151.3. The net turnover during the day was Rs. 196965208.

Source : Equity Bulls

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