Board of Bank of Maharashtra approves allotment of 10 crore fresh equity shares under ESPS

At meeting held on 29 November 2018

The Board of Bank of Maharashtra at its meeting held on 29 November 2018 has approved the proposal for issue and allotment of upto 10 Crore (Ten Crore) fresh equity shares of the Bank in one or more tranches to the Employees of the Bank under "Bank's - Employee Share Purchase Scheme (ESPS)' subject to necessary Statutory/ Regulatory approvals. The Stakeholder Relationship Committee of Bank will decide all the matters and formulation of the ESPS.

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