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Stock in Focus: Bank of Baroda Fund Infusion

One of India‚Äôs public sector Bank, the Bank of Baroda has announced that it has received capital infusion of Rs.7000-cr from the Government of India.

In a filing to the exchange, Bank of Baroda informed that the ministry of Finance, govt of India according to the gazette notification dated 27th September 2019 has intimated its decision to infuse capital of Rs.7000crore in Bank of Baroda.

The Fund infusion will be through preferential allotment of equity shares including Special Securities, Bonds, of the Bank during the the financial year 2019-20.

Stock of Bank of Bank of Baroda reacted the news in today’s trading session. On Tuesday, first October, the shares of Bank of Baroda hit an intraday-high of Rs.94.80 in comparison with its previous closing price of Rs.93 on the National Stock Exchange (NSE).

During mid-session at 12.05pm, the stock was trading at Rs.92.50 per share, meantime, the Nifty scaled at 11492-mark, up by 17.60 points and the Sensex quoted at 38747.46 up by 80 points. Get best stock Tips from the experts.

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