Bank of Baroda Shares Fall 3% After BR Shetty Files $15 Billion Lawsuit
Bank of Baroda shares fell 3% in early trade, making it the top loser on the Nifty 100. BR Shetty reportedly filed a $15 billion damages lawsuit against the bank and 25 other defendants in Bombay High Court; the bank said it would defend the claims.
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04:12:55 AM UTC
SquawkNews
Maulik Vyas & Joel Rebello Mumbai: BR Shetty, the founder of NMC Healthcare and UAE Exchange has filed a $15 billion suit against Bank of Baroda (BoB), accusing the PSU lender of colluding with his business group's former executives to siphon off funds that left him facing liabilities on guarantees…
04:13:12 AM UTC
SquawkNews
NMC Healthcare Founder Files $15-b Lawsuit against BoB
Bank of Baroda shares fell 3 percent in early trade on Wednesday, emerging as the top loser on the Nifty 100 after NMC Healthcare founder BR Shetty reportedly filed a $15 billion damages lawsuit against the public sector lender and 25 other defendants in the Bombay High Court. The bank said it had…