Bank of Maharashtra to consider fund raising upto Rs.200 crore

A meeting of the Board of Directors of Bank of Maharashtra will be held on January 10, 2013, to consider the proposal to raise additional equity share capital upto Rs. 200 crore (face value) as Follow - on public offer (FPO) and/or on right issue and/or by way of placement of equity shares through qualified institutional placement (QIP) in FY 2013-14.

The Bank of Maharashtra stock closed the day at Rs.64.20, up by Rs.1.65 or 2.64%. The stock hit an intraday high of Rs.64.60 and low of Rs.62.45.

The total traded quantity was 1.69 lakhs compared to 2 week average of 0.66 lakhs.

Source : Equity Bulls

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