State-owned Bank of Baroda today said the Finance Committee of the board will meet next week to consider approving its plan to raise Rs 6,000 crore via QIP or rights issue.
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 of equity fund, the bank said in a regulatory filing.
TRENDING NOW
BOB said the equity fund can be raised through "qualified institutions placement (QIP), 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 6,000 crore".
Shares of the bank closed 4.58 per cent up at Rs 182.50 per unit on BSE.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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
08:58 pm
PwC Australia gave clients other than Google confidential tax info
US yields hit 2007 levels as Fed signals, shutdown fears stoke angst
Industrial production growth rises to five-month high of 5.7% in July
