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Bank of Baroda issues 70B rupees of shares to Indian government
StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go
Street Talk – Episode 69: Banks left with pockets full of cash and few places to go
Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them
Street Talk Episode 66 - Community banks tap the debt markets while the getting is good
Bank of Baroda issued 70 billion Indian rupees of shares to the Indian government on a preferential basis.
The bank issued 651,465,798 of its equity shares at 107.45 rupees apiece.
Following the share issuance, the government's stake in the bank increased to 71.60% from 66.94%.
As of Dec. 12, US$1 was equivalent to 70.64 Indian rupees.