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Bank of Maharashtra gets Rs 205 crore capital from government

Updated : April 01, 2019 04:39 PM IST

The issue committee of the bank in its meeting held on March 30, 2019 issued and allotted 15,47,16,981 equity shares of the bank for cash at an issue price of Rs 13.25 per share aggregating to Rs 205 crore on preferential basis to the government, Bank of Maharashtra said in a regulatory filing.
Following the allotment of shares, the shareholding of the government has increased to 87.74 percent in the bank from 87.01 percent earlier, it said. 
Bank of Maharashtra gets Rs 205 crore capital from government
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