Bank of Baroda shares fell over 0.52% amid lender aims to raise Rs 10,000 crore
The bonds may be raised in single or multiple tranches during the financial year 2024-25 and beyond, depending on market conditions and feasibility.
Bank of Baroda shares fell over 0.52 amid lender aims to raise Rs 10,000 crore
State-owned Bank of Baroda (BoB) on Wednesday (December 18) said its board of directors has approved the issuance of long-term bonds amounting to up to Rs 10,000 crore for financing infrastructure and affordable housing projects.
The board of directors of Bank of Baroda at its meeting held today i.e 18.12.2024 interalia considered & approved the raising of long-term bonds for the financing of infrastructure and affordable housing aggregating to total size up to Rs 10,000 crore in single or multiple tranches during FY 2024-25 and beyond if found feasible," Bank of Baroda said in a regulatory filing.
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The bonds may be raised in single or multiple tranches during the financial year 2024-25 and beyond, depending on market conditions and feasibility.
Shares of Bank of Baroda Ltd ended at Rs 250.65, down by Rs 5.30, or 2.07%, on the BSE.
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