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The board of Bank of Baroda has approved divestment of its majority stake in Nainital Bank. The board approved sale of its 98.57% stake in Nainital Bank, according to an exchange filing. It also authorised issuance of an advertisement inviting expressions of interest, through a preliminary information memorandum, from interested parties to acquire majority stake, it said.The process of transaction and other details for inviting EOI f…
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