Bank of Maharashtra has informed that on receipt of the funds from the Government of India, the Board of Directors of the Bank at its meeting held on October 15, 2015 has issued and allotted 10,51,50,787 Equity shares of Rs 10 each for cash at the issue price of Rs 37.47 per Equity share (including premium of Rs. 27.47 per share) on Preferential basis to Government of India (President of India). The Equity shares so allotted shall rank pari-passu with the existing equity shares of the Bank including Dividend, if any and will be locked in for a period of three years from the date of receipt of trading approval from Stock Exchanges, as per the SEBI (ICDR) Regulations, 2009.
The above information is a part of company’s filings submitted to BSE.
