Bank of Baroda on Wednesday said that it has raised ₹4,500 crore equity capital through qualified institutional placement (QIP). The capital raising committee of the board on Wednesday approved the issue and allotment of 55,07,95,593 equity shares to eligible qualified institutional buyers at issue price of ₹81.70 per share against the floor price of ₹85.98 apiece, aggregating to ₹4499,99,99,948.10, the bank said in a regulatory filing.
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