BoB follow-on issue opens on Jan 16

The follow-on public issue of Bank of Baroda is scheduled to open on January 16, 2006.

The bank will issue 7.1 crore equity shares of Rs 10 each for cash at a premium to be decided through the book building process. The issue will close on January 20, 2006.

Post issue, the government's shareholding in the bank would come down to 53.81% from the present level of 66.83%.