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Bank Of Maharashtra - Equity Capital Infusion By Government Of India In Bank

| Updated on December 31, 2018 Published on December 31, 2018

We would like to inform you that Government of India vide its Letter F.No.7/38/2014-BOA dated 26.12.2018 had informed about its decision to infuse Capital of Rs.4,498/- crore (Rupees Four Thousand Four Hundred and Ninety Eight Crore only) in Bank. Bank had received the Equity Capital of Rs.4,498/- crore on 31.12.2018 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.

We request you to consider the above information pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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Source : BSE - www.bseindia.com

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Published on December 31, 2018
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