Bank of Baroda rose 0.8% to Rs 188.40 at 9:17 IST on BSE after the bank said it has allotted 9.26 crore equity shares at an issue price of Rs 192.74 per share, aggregating to Rs 1786 crore to the Government of India on preferential allotment basis.
The bank made the announcement before market hours today, 30 September 2015.
Meanwhile, the S&P BSE Sensex was up 204.75 points or 0.79% at 25,983.41.
On BSE, so far 12,000 shares were traded in the counter as against average daily volume of 9.95 lakh shares in the past two weeks.
The stock hit a high of Rs 189.70 and a low of Rs 188 so far during the day.
Bank of Baroda's net profit fell 22.7% to Rs 1052.15 crore on 4.8% increase in total income to Rs 12243.72 crore in Q1 June 2015 over Q1 June 2014.
The Government of India holds 57.53% stake in Bank of Baroda (as per the shareholding pattern as on 30 June 2015).
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