SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Government infuses Rs 205 crore capital in Bank of Maharashtra

01 Apr 2019 Evaluate

Government has infused Rs 205 crore in Bank of Maharashtra in lieu of preferential allotment of shares. The capital infusion was done on March 30, 2019.

The issue committee of the bank in its meeting held on March 30, 2019 issued and allotted 15,47,16,981 equity shares of the bank for cash at an issue price of Rs 13.25 per share aggregating to Rs 205 crore on preferential basis to the government. Following the allotment of shares, the shareholding of the government has increased to 87.74 percent in the bank from 87.01 percent earlier.

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.

Bank of Maharashtra Share Price

81.44 -2.39 (-2.85%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 973.50
PNB 104.70
Canara Bank 129.35
Bank Of Baroda 266.00
Union Bank Of India 163.80
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×