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Board of Bank of Maharashtra approves capital raising up to Rs 5000 cr

Capital Market 

At meeting held on 29 April 2021

The Board of Bank of Maharashtra at its meeting held on 29 April 2021 has approved to raise capital aggregating up to Rs 5000 crore by way of follow-on public issue/ rights issue/ QIP issue, preferential issue or any other mode or combination thereof and / or through issue of Basel III bonds or such other securities as my be permitted under applicable laws etc., subject to necessary approvals.

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

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First Published: Thu, April 29 2021. 19:18 IST