Govt infuses equity capital of Rs 831 crore in Bank of Maharashtra
26th Aug 2020

Bank of Maharashtra has issued and allotted 73,60,49,601 Equity shares of Rs 10 each of Bank for cash at issue price of Rs 11.29 per share (including premium) to Government of India (President of India) aggregating to Rs 831 crore on preferential basis, consequent to the receipt of necessary approvals / permissions. With this allotment, Government of India holding has increased from 92.49% to 93.33%.

Bank of Maharashtra offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The Bank also offers services to agricultural and SME sectors.