Bank of Maharashtra will consider the proposal to raise additional equity share capital of up to Rs 200 crore (face value) as Follow-on public offer (FPO) and/or on right issue and/or by way of placement of equity shares through qualified institutional placement (QIP) in FY 2013-14. The company’s board of directors in the meeting, scheduled to be held on January 10, will be deciding upon the same.
Recently, the bank raised funds worth Rs 1,000 crore through issue of Lower Tier II Bonds which was fully subscribed and closed on December 29, 2012.
