Bank of Baroda: Preferential Allotment of equity shares to Govt. of India

With reference to earlier announcement dated March 29, 2011, Bank of Baroda has now informed BSE that on March 29, 2011, the Bank has allotted 2,72,79,579 equity shares of Rs. 10 each for cash at a premium of Rs. 892.14 amounting to Re. 2460,99,99,400 on preferential basis to Government of India. With the allotment of aforesaid shares the holding of the promoter i.e. Government of India in the Bank will be raised from 53.81% to 57.03%.