After Punjab & Sind Bank, Bank of Baroda is now set to sell 5% shareholding to LIC. Speaking to CNBC-TV18, RK Bakshi, executive director of Bank of Baroda says that an FPO is more difficult and is costlier to raise money. "Preferential issue to LIC is the most convenient option," he says.
PK Anand, executive director at Punjab & Sind Bank tells CNBC-TV18 says that the bank has got the go ahead for fund infusion through 5% stake sale to LIC.
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