Finance Bank of Baroda shareholders to meet next month to consider capital raise under ESPS Updated : December 26, 2018 03:36 PM IST The shareholders will meet to approve issuance of up to 10 crore fresh equity shares to employees and whole time directors of the bank in one or multiple tranches under ESPS, it said. The bank said the issue price under ESPS has to be decided by the board and it will be in a way so that the government holding does not come below 52 per cent. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.