{"id":17490,"date":"2020-08-25T18:58:27","date_gmt":"2020-08-25T18:58:27","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=17490"},"modified":"2020-08-25T18:58:27","modified_gmt":"2020-08-25T18:58:27","slug":"govt-infuses-equity-capital-of-rs-831-crore-in-bank-of-maharashtra","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=17490","title":{"rendered":"Govt infuses equity capital of Rs 831 crore in Bank of Maharashtra"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"article-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-2065471 size-full\" data-lazy-type=\"image\" src=\"https:\/\/images.financialexpress.com\/2020\/08\/BoM1.jpg\" alt=\"Bank of Maharashtra\" width=\"660\" height=\"440\" srcset=\"\" sizes=\"auto, (max-width: 660px) 100vw, 660px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-2065471 size-full\" data-lazy-type=\"image\" src=\"https:\/\/images.financialexpress.com\/2020\/08\/BoM1.jpg\" alt=\"Bank of Maharashtra\" width=\"660\" height=\"440\" srcset=\"\" sizes=\"auto, (max-width: 660px) 100vw, 660px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-2065471 size-full\" src=\"https:\/\/images.financialexpress.com\/2020\/08\/BoM1.jpg\" alt=\"Bank of Maharashtra\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2020\/08\/BoM1.jpg 660w, https:\/\/images.financialexpress.com\/2020\/08\/BoM1-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/08\/BoM1-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/08\/BoM1-401x267.jpg 401w, https:\/\/images.financialexpress.com\/2020\/08\/BoM1-440x293.jpg 440w, https:\/\/images.financialexpress.com\/2020\/08\/BoM1-80x54.jpg 80w, https:\/\/images.financialexpress.com\/2020\/08\/BoM1-313x209.jpg 313w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\"\/><\/noscript><\/noscript><span class=\"article-caption\">Consequent to the receipt of necessary approvals, <a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/bank-of-maharashtra-stock-price\/\" rel=\"noopener noreferrer\">Bank of Maharashtra<\/a> on Tuesday issued and allotted 73,60,49,601 equity shares for cash at an issue price of Rs 11.29 per scrip to the Government of India.<\/span><\/figure>\n<\/div>\n<p>State-owned Bank of Maharashtra on Tuesday said it has raised Rs 831 crore by issuing shares to the government on a preferential basis.<\/p>\n<p>Consequent to the receipt of necessary approvals, the bank on Tuesday issued and allotted 73,60,49,601 equity shares for cash at an issue price of Rs 11.29 per scrip to the Government of India, aggregating to Rs 831 crore, on preferential basis, it said in a regulatory filing.<\/p>\n<p>\u201cWith this allotment, government holding has increased from 92.49 per cent to 93.33 per cent,\u201d the Pune-headquartered lender said.<br \/>The stock of the bank closed at Rs 14.76 on BSE, up 4.76 per cent.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/s-p-bse-sensex-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">BSE<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nifty-50-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">NSE<\/a>, <a href=\"https:\/\/www.financialexpress.com\/investing-abroad\/\" target=\"_blank\" rel=\"noopener noreferrer\">US Market<\/a> and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\"https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\"https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<p class=\"telegram-text\"><img loading=\"lazy\" decoding=\"async\" class=\"telegrma_img\" src=\"https:\/\/images.financialexpress.com\/2020\/04\/telegram.png\" alt=\"\" width=\"24\" height=\"24\" style=\"margin: 0px 5px 4px 0px; float: left;\"\/>Financial Express is now on Telegram. <a href=\"https:\/\/t.me\/TheFinancialExpressOnline\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to join our channel<\/a> and stay updated with the latest Biz news and updates.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\\\"https:\/\/www.financialexpress.com\/industry\/banking-finance\/govt-infuses-equity-capital-of-rs-831-crore-in-bank-of-maharashtra\/2065466\/\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consequent to the receipt of necessary approvals, Bank of Maharashtra on Tuesday issued and allotted 73,60,49,601 equity shares for cash at an issue price of Rs 11.29 per scrip to the Government of India. State-owned Bank of Maharashtra on Tuesday said it has raised Rs 831 crore by issuing shares [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17491,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-17490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/08\/BoM1.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/17490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17490"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/17490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/17491"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}