Bank of Maharashtra raises Rs. 500 crores

Bank of Maharashtra has raised Rs. 500/- Crore by issue of Basel III Compliant Unsecured Redeemable Non-Convertible Tier II Bonds. The Bonds have been rated as AA hyb by ICRA and AA by CARE. The Bonds bear the coupon rate of 9.20% p.a.

Shares of BANK OF MAHARASHTRA was last trading in BSE at Rs.33 as compared to the previous close of Rs. 32.75. The total number of shares traded during the day was 44353 in over 287 trades.

The stock hit an intraday high of Rs. 33.3 and intraday low of 32.8. The net turnover during the day was Rs. 1464636.

Source : Equity Bulls

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