Board of Bank of Baroda approves Rs 13,500 cr capital raising plan for FY21
At meeting held on 24 April 2020
The Board of Directors of Bank of Baroda at its meeting held on 24 April 2020 has approved raising of additional capital fund up to Rs. 13,500 crore upto 31 March 2021 and beyond if found expedient, comprising of Rs. 9,000 crore by way of Common Equity Capital by various modes including QIP, etc. in suitable stages and Rs. 4,500 crore by way of Additional Tier I / Tier II capital instruments with an inter-changeability option, issued in India / overseas in suitable tranches. This will be subject to applicable statutory / regulatory approvals.Powered by Capital Market - Live News
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