Government of India vide its Letter dated 17.03.2020 had announced its decision to infuse Capital of Rs.831/- crore (Rupees Eight Hundred and Thirty One Crore only) in Bank of Maharashtra. Bank had received the Capital of Rs.831/- crore on 20.03.2020 and same will be kept in Share Application Money A/c till all allotment formalities are completed.
Bank will take all necessary approvals / permissions from Shareholders / Regulatory authorities for Preferential allotment of Equity shares of Bank to Government of India (GoI) in due course of time.
Shares of BANK OF MAHARASHTRA was last trading in BSE at Rs.9.01 as compared to the previous close of Rs. 9.03. The total number of shares traded during the day was 66807 in over 141 trades.
The stock hit an intraday high of Rs. 9.16 and intraday low of 8.81. The net turnover during the day was Rs. 602549.