Bank of Baroda has successfully incorporated a new Wholly Owned Subsidiary (WOS) named “BOB Securities & Giltedge Limited”. The bank received the certificate of incorporation from the Registrar of Companies following an earlier communication regarding this development. The primary objective of this new entity will be to undertake the Standalone Primary Dealership business, adhering strictly to the guidelines set by the RBI. The authorized share capital is set at INR 2,000 Crores.
Establishment of New Wholly Owned Subsidiary
Bank of Baroda has officially announced the incorporation of a new Wholly Owned Subsidiary (WOS) during March 2026. The new entity has been named “BOB Securities & Giltedge Limited”. The bank confirms that it has already received the certificate of incorporation from the Registrar of Companies, formalizing its establishment.
Business Focus and Capitalization
The primary mandate for BOB Securities & Giltedge Limited is to undertake the Standalone Primary Dealership business. This operation will be carried out in strict compliance with the established guidelines of the Reserve Bank of India (RBI). The entity belongs to the Public Limited Company category.
Key financial details regarding the subsidiary’s structure include an Authorized Share Capital of INR 2,000 Crores. The consideration for the capitalization involves a Capital infusion of INR 2000 Crores, which is planned to be infused across two tranches.
Regulatory Compliance and Rationale
The bank has already secured the necessary Approval obtained from RBI for the acquisition and setup of this subsidiary. This acquisition is not categorized as a related party transaction, as the entity is a Wholly owned subsidiary of Bank of Baroda. The rationale for establishing the subsidiary is specifically to facilitate the undertaking of the Primary Dealership business in accordance with RBI requirements.
Source: BSE
