Bank of Baroda closes QIP issue on 2 Mar

Fixes issue price of Rs 81.70 per equity share

Bank of Baroda announced the closure of QIP issue on 02 March 2021. The Capital Raising Committee of the Board of the Bank has approved the issue price of Rs 81.70 per Equity Share (including a premium of Rs 79.70 per Equity Share), [which is at a discount of 5% (i.e. Rs 4.28 per Equity Share) to the floor price of Rs 85.98 per Equity Share] for the Equity Shares to be allotted to the eligible qualified institutional buyers in the Issue.

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