Friday 20 December 2013

Bank of Baroda shines on raising Rs 1,000 crore through bonds

Bank of Baroda is currently trading at Rs. 654.00, up by 15.65 points or 2.45% from its previous closing of Rs. 638.35 on the BSE.

The scrip opened at Rs. 640.00 and has touched a high and low of Rs. 655.80 and Rs. 633.25 respectively. So far 96,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 899.65 on 03-Jan-2013 and a 52 week low of Rs. 429.25 on 20-Aug-2013.

Last one week high and low of the scrip stood at Rs. 674.00 and Rs. 634.90 respectively. The current market cap of the company is Rs. 27,554 crore.

The promoters holding in the company stood at 55.41% while Institutions and Non-Institutions held 35.12% and 9.48% respectively. Bank of Baroda has privately placed non convertible, redeemable, un-secured Basel III compliant Tier-II Bonds (Series XVII Coupon 9.73% per annum) aggregating Rs 1,000 crore for which allotment process has been completed.

Bank of Baroda is among the top five banks in India, with total assets of Rs.5.5 trillion as on March 31, 2013. The bank had a domestic network of 4289 branches, with around 61 per cent of its branches in the semi-urban and rural areas, as of June 30, 2013.

No comments:

Post a Comment