Bank of Maharashtra is currently trading at Rs. 15.36, up by 0.24 points or 1.59% from its previous closing of Rs. 15.12 on the BSE.
The scrip opened at Rs. 15.30 and has touched a high and low of Rs. 15.50 and Rs. 15.20 respectively. So far 202823 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 24.75 on 04-Jan-2018 and a 52 week low of Rs. 10.73 on 09-Oct-2018.
Last one week high and low of the scrip stood at Rs. 15.90 and Rs. 14.71 respectively. The current market cap of the company is Rs. 3991.23 crore.
The promoters holding in the company stood at 87.01%, while Institutions and Non-Institutions held 9.12% and 3.87% respectively.
Bank of Maharashtra has received approval for raising equity capital upto Rs 4,498 crore by way of issue of equity shares to Government of India (GoI) through preferential issue subject to necessary approvals/ permissions. The Board of Directors of the bank at their meeting held on January 04, 2019, approved the same.
The Board also gave approval to increase Authorize Capital of bank from Rs 4000 crore to Rs 10,000 crore subject to necessary approvals/ permissions.
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.
