The bank has decided to raise capital through FPO/Rights issue/QIP etc., upto Rs.1,000 crore, subject to the necessary approvals.
Bank of Maharashtra has informed BSE that the bank has decided to raise capital through FPO/Rights issue/QIP etc., upto Rs.1,000 crore, subject to the necessary approvals.
Bank of Maharashtra is currently trading at Rs. 28.8, up by Rs. 0.95 or 3.41% from its previous closing of Rs. 27.85 on the BSE.
The scrip opened at Rs. 27.9 and has touched a high and low of Rs. 28.95 and Rs. 27.7 respectively. So far 28747(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3253.81 crore.
The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 42 on 21-Jul-2015 and a 52 week low of Rs. 26.75 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 29.9 and Rs. 27.5 respectively.
The promoters holding in the company stood at 81.61 % while Institutions and Non-Institutions held 13.4 % and 4.99 % respectively.
Bank of Maharashtra plans to raise INR 1Cr
