80.1%: Pension fund management subsidiary incorporated with 80.10% stake
Bank of Baroda has incorporated a new subsidiary, BOB Pension Fund Management Company Limited, on 21/09/2026.
- Subsidiary Incorporation Date
- 21/09/2026
- Authorized Share Capital
- INR100.00 Crore
- Proposed Stake
- 80.10% via 8,00,99,950 equity shares of INR 10/- each
- Proposed Investment Cost
- INR 80,09,99,500/- in cash
- Indicative Completion Date
- 31/12/2026
What is Bank of Baroda buying or selling?
🏦 What happened
Bank of Baroda has incorporated a subsidiary named BOB PENSION FUND MANAGEMENT COMPANY LIMITED and received the certificate of incorporation from the Registrar of Companies.
📋 Key details
- Date of incorporation: 21/09/2026, set up under Section 8 of the Companies Act 2013
- Authorized Share Capital: INR100.00 Crore
- Proposed shareholding: 80.10% with 8,00,99,950 equity shares of INR 10/- each
- Total proposed acquisition cost: INR 80,09,99,500/-, by cash consideration
- Indicative time period for completion: 31/12/2026
🎯 Purpose
The company will act as a Pension Fund Manager — receiving contributions, accumulating, investing, managing and administering pension assets, and making payments to subscribers or beneficiaries. Industry: Pension Fund Management.
✅ Approvals
- Letter of appointment as sponsor of the proposed pension fund dated 05/05/2026 obtained from PFRDA
- RBI approval dated 10/07/2026 for incorporation of the new subsidiary with holding of 80.10%
📌 Status
Turnover is not applicable as the company is yet to commence business, and no historical financial information exists.
This marks an expansion of the bank's presence into the pension fund management business through a majority-owned subsidiary.
More numbers
- Authorized share capital of subsidiaryINR100.00 Crore
- Total proposed acquisition costINR 80,09,99,500/-
- Equity shares to be subscribed8,00,99,950 equity shares
- Face value per shareINR 10/- each
- Proposed shareholding80.10%
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