Bank of Maharashtra has informed that the Board of Directors of the Bank in its meeting held on Thursday, 29th November, 2018 has approved the proposal for issue and allotment of up to 10 Crore fresh equity shares of the Bank in one or more tranches to the Employees of the Bank under ‘Banks - Employee Share Purchase Scheme (ESPS)’ subject to necessary Statutory/ Regulatory approvals. The Stakeholder Relationship Committee of Bank will decide all the matters and formulation of the ESPS.
The above information is a part of company’s filings submitted to BSE.