Bank of Maharashtra to consider conversion of preference shares into equity shares

A meeting of the Board of Directors of Bank of Maharashtra will be held on May 13, 2014, to consider the matter of conversion of PNCPS of Rs. 588 Crore held by Government of India into equity shares.

Shares of BANK OF MAHARASHTRA was last trading in BSE at Rs.36.8 as compared to the previous close of Rs. 37.25. The total number of shares traded during the day was 46136 in over 470 trades.

The stock hit an intraday high of Rs. 37.5 and intraday low of 36.55. The net turnover during the day was Rs. 1706045.

Source : Equity Bulls

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