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Bank of Baroda Board To Divest 49% Stake In BFSL
BoB currently holds 100 per cent of the total equity share capital of BFSL
Photo Credit :
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Bank of Baroda’s board of directors on Thursday approved for divestment up to 49 per cent of Bank’s shareholding in its 100 per cent owned subsidiary i.e., BOB Financial Solutions Ltd. (BFSL).
Additionally, the board has also approved the issuance of an advertisement inviting Expressions of Interest (EOI), from Suitable Investors / Strategic Partners to acquire shareholding of BoB in BFSL.
BoB currently holds 100 per cent of the total equity share capital of BFSL.
In its regulatory filing BOB said that it would reveal more details on 10 March 2023 for inviting EOI from the Suitable Investors / Strategic Partners.
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