Bank of Maharashtra withdraws Tier I Innovative Perpetual Debt Instruments of Rs 350 crore

Bank of Maharashtra had announced on December 24, 2012 regarding Raising of Tier I Innovative Perpetual Debt Instruments (IPDI) of Rs. 350 crore. The bank has now said that the aforesaid issue of Tier I Innovative Perpetual Debt Instruments (IPDI) of Rs. 350 crore, is withdrawn.

The Bank of Maharashtra stock was trading at Rs.59.75, up by Rs.0.60 or 1.01%. The stock hit an intraday high of Rs.60.25 and low of Rs.59.05.

The total traded quantity was 0.23 lakhs compared to 2 week average of 0.58 lakhs.

Source : Equity Bulls

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