Bank of Baroda allots 27279579 equity shares to Govt. of India

Bank of Baroda has allotted 2,72,79,579 equity shares of Rs. 10 each for cash at a premium of Rs. 892.14 amounting to Re. 2460,99,99,400 on preferential basis to Government of India. With the allotment of aforesaid shares the holding of the promoter i.e. Government of India in the Bank will be raised from 53.81% to 57.03%.

The stock closed the day at Rs.946.15, down by Rs.17 or 1.77%. The stock hit an intraday high of Rs.966 and low of Rs.940.

The total traded quantity was 0.33 lakhs compared to 2 week average of 0.44 lakhs.

Source : Equity Bulls

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