Bank of Maharashtra has informed that the board of directors of the company at its meeting held on January 10, 2013, has approved raising of equity share capital 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 and has further authorized the chairman and managing director or in his absence the executive director to convene extraordinary general meeting of shareholders and to decide the reference date/ relevant date for the purpose of determining the issue price/price band, as per relevant regulations and to take such other actions as may be required in the matter.
The above information is a part of company’s filings submitted to BSE.
