Share price of Bank of Baroda surged 5 percent in morning as the company is planning to raise Rs 6000 crore.
The meeting of the designated board committee i.e. Finance Committee of the board will be held on November 21, 2017 to consider and approve raising of equity fund, as per company release.
The equity fund can be raised through qualified institutions placement, and/or rights issue for size and amount as may be decided, within overall approval of the board of raising equity capital up to Rs 6000 crore, it added.
The meeting of the designated board committee i.e. Finance Committee of the board will be held on November 21, 2017 to consider and approve raising of equity fund, as per company release.
The equity fund can be raised through qualified institutions placement, and/or rights issue for size and amount as may be decided, within overall approval of the board of raising equity capital up to Rs 6000 crore, it added.
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