Bank of Maharashtra allots 10.52 crore equity shares to government for Rs 394 crore
Bank of MaharashtraBSE 0.29 % today said it has allotted over 10.52 crore equity shares to the government valued at Rs 393.99 crore in exchange of infusion of capital into the bank.
"... on receipt of the funds from the government, the Board of Directors of the Bank at its meeting held today, has issued and allotted 10,51,50,787 equity shares at the issue price of Rs 37.47 per equity shares on preferential basis to government," it said in a regulatory filing.
"... on receipt of the funds from the government, the Board of Directors of the Bank at its meeting held today, has issued and allotted 10,51,50,787 equity shares at the issue price of Rs 37.47 per equity shares on preferential basis to government," it said in a regulatory filing.
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