Stocks

Bank of Baroda board to consider pref issue

R.Y. Narayanan Coimbatore | Updated on November 12, 2017

The Bank of Baroda will take a decision on October 31 regarding offer of a preferential issue in favour of Government of India for Rs 775 crore.

The Ministry of Finance, Government of India, has informed BoB that it has decided to raise its holding in the bank by infusing Rs 775 crore by way of preferential issue of equity shares/ warrants.

The meeting of the board of directors of the bank on October 31 may consider issuance of equity shares/ warrants of face value of Rs 10 each at such price as may be decided as per SEBI regulations on preferential basis in favour of Government of India, the bank informed the stock exchanges today.

Published on October 25, 2011

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