Bank of Baroda board approves 49% stake divestment in BFSL
The Bank of Baroda board has approved up to 49 per cent divestment in subsidiary BoB Financial Solutions, the company said in a regulatory filing on Thursday.
The Bank of Baroda board has approved up to 49 per cent divestment in subsidiary BoB Financial Solutions, the company said in a regulatory filing on Thursday.
"We advise that the Board of Directors of Bank of Baroda (BOB) have approved for divestment up to 49 per cent of Bank's shareholding in its 100 per cent owned subsidiary i.E. BOB Financial
Solutions Ltd. (BFSL), and issuance of an advertisement inviting Expressions of Interest, from Suitable Investors/Strategic Partners to acquire shareholding of BOB in BFSL," the filing said.
BOB currently holds 100 per cent of the total equity share capital of BFSL.
Click Here For Latest Updates On Stock Market | Zee Business Live
"The details about the process of transaction and other relevant details will be published on March 10, 2023 for inviting EOI from the Suitable Investors/Strategic Partners," the filing added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 5 Small-Cap Funds With Best SIP Returns in 3 Years: What Rs 5,000 and Rs 10,000 SIPs in each fund have given
In this guaranteed return scheme, you get Rs 2,24,974 as interest on Rs 5,00,000 investment; know details
Gold and Silver rates today (May 27, 2024): MCX gold jumps after sharp losses last week, silver nears Rs 92,100/kg levels
70:15:15 Investment Strategy: Can you build over Rs 1 crore corpus with just Rs 20,000 salary? Know calculations
40,000 pension per month: How to get Rs 40,000 as pension every month by investing in NPS? Know the calculation
SBI Senior Citizen FD Rates: What Rs 1 lakh, Rs 3 lakh, and 5 lakh investments will give you in 1-, 3- and 5-year FDs
10:11 AM IST