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Tuesday, Feb 15, 2005

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Bank of Baroda gets nod for public issue

Our Bureau

Mumbai , Feb. 14

BANK of Baroda has received approval from the UnionGovernment for its second public issue of 7.1 crore equity shares.

The shares will be priced at Rs 10 each with a premium. The bank's board will meet on February 25 to finalise the details , officials said.

Post-issue, the Government's stake in the bank is expected to come down to 53.80 per cent from 66.83 per cent.

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