Joint Venture19 Dec 2025, 08:11 pm
Bank of Baroda Receives USD 29.39 Million from Liquidator of Joint Venture IIBMB
AI Summary
Bank of Baroda has received an amount of USD 29,391,204.52 from the liquidator towards the interim distribution of capital repatriation on account of Member's Voluntary Liquidation (MVL) of India International Bank Malaysia (IIBMB). IIBMB is a joint venture of three banks namely Bank of Baroda, Union Bank of India and Indian Overseas Bank, in which the share of Bank of Baroda is 40%. This information is disclosed in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Bank of Baroda received USD 29.39 million from the liquidator of IIBMB
- IIBMB is a joint venture of three banks including Bank of Baroda
- The amount received is towards the interim distribution of capital repatriation on account of MVL of IIBMB
- Bank of Baroda's share in IIBMB is 40%