Bank of Maharashtra is currently trading at Rs. 10.31, up by 0.09 points or 0.88% from its previous closing of Rs. 10.22 on the BSE.
The scrip opened at Rs. 10.00 and has touched a high and low of Rs. 10.43 and Rs. 9.85 respectively. So far 10666 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 20.00 on 30-Apr-2019 and a 52 week low of Rs. 8.67 on 15-Oct-2019.
Last one week high and low of the scrip stood at Rs. 11.00 and Rs. 9.85 respectively. The current market cap of the company is Rs. 5736.75 crore.
The promoters holding in the company stood at 92.49%, while Institutions and Non-Institutions held 4.09% and 3.42% respectively.
Bank of Maharashtra has raised Rs 600 crore (Issue of Rs 200 crore plus Green Shoe Option of Rs 400 crore) through issue of Basel III Compliant Tier II Bonds. The bank has allotted 6000 bonds of face value Rs 10 lakh each to allottees on March 6, 2020. The Coupon rate of bond is 8.70% and it will get mature on March 6, 2030.
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.
