New Launch13 Mar 2026, 06:01 pm
Bank of Baroda Incorporates Wholly Owned Subsidiary 'BOB Securities & Giltedge Limited'
AI Summary
Bank of Baroda has incorporated a new Wholly Owned Subsidiary named 'BOB Securities & Giltedge Limited' with an authorized share capital of INR 2,000 Crs. The new subsidiary will undertake Standalone Primary Dealership business in accordance with RBI guidelines. The capital infusion of INR 2000 Crores will be made in two tranches. This information is shared in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
Key Highlights
- Bank of Baroda incorporates a Wholly Owned Subsidiary named 'BOB Securities & Giltedge Limited'
- New subsidiary to undertake Standalone Primary Dealership business in accordance with RBI guidelines
- Capital infusion of INR 2000 Crores in two tranches
- Authorized Share Capital of the new subsidiary is INR 2,000 Crs