Bank of Baroda (“BoB”) intends to sell part of its equity shareholding in National Stock Exchange of India Limited (NSE) i.e., up to 21,00,000 fully paid-up unencumbered equity shares through a competitive bidding process to be submitted by the eligible buyers(s) (“Bidder(s)”), on the highest price basis (“Transaction”).
BoB has appointed SBI Capital Markets Limited and BOB Capital Markets Limited as Transaction Advisors.
The equity shares will be sold to the Bidder quoting the highest price per share, ranked as HI, H2, H3 and so on, subject to fulfillment of eligibility criteria and other terms, as specified further the RFP documents. The Reserve Price (i.e. Minimum Price to bid) is Rs. 3150. Minimum Quantity to Bid (i.e. Lot Size) has been fixed at 25,000 equity shares. Bidders can bid incrementally above the minimum lot size in multiples of 5,000 equity shares. In a single bid, multiple quotes, with different quantity of shares and share prices, will be permitted subject to the conditions of Minimum bid Quantity and Minimum bid Price being fulfilled.
The last date for submission of bids is July 10,2023. You may look up the most up to date information and download the detailed RFP on BoB’s website or by clicking here.
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