Bank of Baroda's board meeting on December 3, 2013

Nov 28, 2013, 02.21 PM IST

Bank of Baroda at its meeting scheduled to be held on December 03, 2013 is considering to approve issue of equity shares by way of preferential allotment to government of India, the promoter of the Bank, up to Rs. 550 crore subject to compliance of all applicable laws/regulations/approvals.

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Bank of Baroda's board meeting on December 3, 2013

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Bank of Baroda has informed BSE that, consequent upon the receipt of communication from Government of India (GOI) the Board of Directors of the Bank, at its meeting scheduled to be held on December 03, 2013, inter alia, is considering to approve issue of equity shares by way of preferential allotment to Government of India, the promoter of the Bank, up to Rs. 550/- crore (Rupees Five Hundred and Fifty Crore Only) subject to compliance of all applicable Laws/Regulations/ Approvals i.e. including but not limited to SEBI (Issue of Disclosure Requirements) Regulations 2009 as amended, RBI/GOI approvals, Listing/Trading approvals from SEs and other applicable approvals.Source : BSE

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