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Bank Of Baroda Plans Up To Rs 5,000 Crore Capital Raise Via QIP
The Bank of Baroda QIP is likely to get launched in the January-March quarter, said bankers familiar with the issue.
11 Dec 2020, 10:34 AM IST
Government-owned Bank of Baroda is planning to raise between Rs 4,000 - Rs 5,000 crore by selling shares to institutional investors through a qualified institutional placement, three bankers aware of the development told BloombergQuint, requesting anonymity.The fundraise is likely to happen in the last quarter of the ongoing financial year, as the bank is yet to appoint investment banks to run the fundraising process, according to on...
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