Bank of Maharashtra allots 61.01 lakh shares under QIP issue | Capital market news

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The Bank of Maharashtra has allotted 61,01,81,311 shares of face value of Rs. 10 each to eligible qualified institutional buyers at the issue price of Rs. 57.36 per share (including a premium of Rs. 47.36 per share) compared to the floor price of Rs. 57.36 per share. 60.37 per share, totaling Rs. 60.37 per share. 3499.99 million.

Pursuant to the allotment of equity shares in the issue, the paid-up share capital of the Bank is increased to Rs. 76915549500 (comprising 7691554950 equity shares of Rs. 10 each) from Rs. equity shares of Rs. 7691554950 each). 70813736390 (comprising 7081373639 equity shares of Rs. 10 each).

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First publication: October 5, 2024 | 5:08 p.m. STI

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