Bank of Baroda Invests in Open Network for Digital Commerce

Bank of Baroda has subscribed shares of Open Network for Digital Commerce (ONDC) to provide an open public digital infrastructure for developing the Indian digital commerce ecosystem. The investment is arm's length and does not constitute a related party transaction. The bank's promoters do not have any interest in ONDC, and the acquisition is done at a price of Rs. 100 per equity share, aggregating to Rs. 40 crores.,