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Bank of Maharashtra subscribes shares in India Debt Resolution Company

19 Feb 2022 Evaluate

Bank of Maharashtra has subscribed to 50,000 shares of India Debt Resolution Company (IDRCL) (pending execution of investment agreement). Investment of equity stake of 6.21% by bank to be reduced to 4.00% by March 31, 2022. Cash consideration computed as purchases shares multiplied by purchase price per share.

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.

Peers
Company Name CMP
State Bank Of India 961.00
PNB 122.50
Bank Of Baroda 238.50
Canara Bank 118.35
Union Bank Of India 185.20
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