Bank of Maharashtra allots 51199553 shares to Government of India

The Board of Directors of Bank of Maharashtra at its meeting held on March 26, 2011, has allotted 5,11,99,553 Equity Shares of Rs. 10/- each at Rs. 68.76, aggregating Rs. 531,99,99,944, to the Government of India, on preferential allotment basis.

The stock was trading at Rs.58.70, up by Rs.0.45 or 0.77%. The stock hit an intraday high of Rs.59.25 and low of Rs.57.50.

The total traded quantity was 0.81 lakhs compared to 2 week average of 2.46 lakhs.

Source : Equity Bulls

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