Bank of Baroda rose 0.8% to Rs 188.40 at 9:17 IST on BSE after the bank said it has allotted 9.26 crore equity shares at an issue price of Rs 192.74 per share, aggregating to Rs 1786 crore to the Government of India on preferential allotment basis.
The bank made the announcement before market hours today, 30 September 2015.
Meanwhile, the S&P BSE Sensex was up 204.75 points or 0.79% at 25,983.41.
On BSE, so far 12,000 shares were traded in the counter as against average daily volume of 9.95 lakh shares in the past two weeks.
The stock hit a high of Rs 189.70 and a low of Rs 188 so far during the day.
Bank of Baroda's net profit fell 22.7% to Rs 1052.15 crore on 4.8% increase in total income to Rs 12243.72 crore in Q1 June 2015 over Q1 June 2014.
The Government of India holds 57.53% stake in Bank of Baroda (as per the shareholding pattern as on 30 June 2015).
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app