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Bank of Maharashtra allots 8.88 crore equity shares to GoI

Capital Market 

GoI's stake in of increases to 82.91%

of announced that the Board of Directors of the at its meeting held on 11 August 2017 has allotted 8,88,88,888 equity of Rs 10 each for cash at issue price of Rs 33.75 per share to Government of India on preferential basis. With this allotment, the GoI's shareholding in the Bank has increased from 81.61% to 82.91%.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 11 2017. 14:00 IST