21-Sept-2026 19:49:01

BANK OF BARODA : EXPANDS INTO PENSION FUND MANAGEMENT VIA NEW SUBSIDIARY

• Bank of Baroda has incorporated a subsidiary named "BOB PENSION FUND MANAGEMENT COMPANY LIMITED". • The subsidiary was incorporated under Section 8 of the Companies Act 2013 on September 21, 2026. • The subsidiary aims to act as a pension fund manager, regulated by PFRDA. • Bank of Baroda will hold 80.10% of the subsidiary, subscribing to 8,00,99,950 equity shares at ₹10 each. • The total proposed acquisition cost is ₹80,09,99,500.

Bank of Baroda

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