Bank of Maharashtra Ltd allots shares worth Rs. 4498 crore to Government of India at Rs. 15.14 per share

The Issue Committee of Bank of Maharashtra Ltd in its meeting held on 29.04.2019 at Pune had issued and allotted 297,09,37,912 Equity shares of Rs.10/- each of Bank to Government of India for cash at issue price of Rs.15.14 per share (including premium) against the capital of Rs.4498 crore received by Bank in December, 2018.

The equity shares so allotted shall rank pari passu with the existing equity shares of the Bank including dividend, if any.

Shares of BANK OF MAHARASHTRA was last trading in BSE at Rs.19.3 as compared to the previous close of Rs. 18.66. The total number of shares traded during the day was 877647 in over 2409 trades.

The stock hit an intraday high of Rs. 19.55 and intraday low of 18.85. The net turnover during the day was Rs. 16907017.

Source : Equity Bulls

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