Bank of Baroda shares fall 3% as BR Shetty files $15 billion lawsuit; lender vows to defend claims
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Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Bank of Baroda shares fell 3 percent on Wednesday after NMC Healthcare founder BR Shetty filed a $15 billion lawsuit against the lender.
- ✓The bank said it had not yet been served with the suit but would firmly defend itself.
- ✓The stock price dropped to Rs 231.30 during early trade.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Moneycontrol.com
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
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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 not yet been served with the suit but would firmly defend itself against the allegations.
Bank of Baroda shares declined to Rs 231.30, compared with Tuesday's closing price of Rs 238.43. The stock has fallen 22.7 percent so far in 2026, underperforming the Nifty 50, which has declined 13 percent during the period. The bank's market capitalisation stood at approximately Rs 1.2 lakh crore.
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