Bank of Baroda Shares Fall Up to 3% After $15 Billion Lawsuit
Bank of Baroda shares fell up to 3% on Wednesday after NMC Healthcare founder Bavaguthu Raghuram Shetty approached the Bombay High Court seeking $15 billion in damages from the lender and 25 other defendants.
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05:07:48 AM UTC
SquawkNews
By Jayshree P Upadhyay and Gopika GopakumarIndia's Bank of Baroda NSE:BANKBARODA on Wednesday said it will protect its interests, a day after UAE-based businessman and founder of NMC Health filed a $15 billion case against the lender and 25 other defendants in the Bombay High Court.NMC Health found…
05:11:21 AM UTC
SquawkNews
Bank of Baroda on Wednesday said it would firmly defend itself against a suit filed by NMC founder BR Shetty in the Bombay High Court, seeking $15 billion in damages over alleged fraud involving group companies. Statement said, “If and when the Bank is served, the Bank will defend the suit firmly a…