Pedestrians walk past a Bank of Baroda branch in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
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...