Business Standard

Bank of Maharashtra announces closure of QIP issue

Image

Capital Market

On 07 December 2017; Fixes issue price of Rs 25.55 per share

Bank of Maharashtra announced that the Equity Issue Committee of the Board of Directors of the Company at its meeting held on 07 December 2017 passed the following resolutions -

Approved the closure of issue period for QIP on 07 December 2017;

Determined and approved issue price of Rs 25.55 per equity share for an aggregate value of Rs 313.55 crore, to be allotted to eligible QIBs;

Approved and adopted the placement document dated 07 December 2017 in connection with the QIP issue.

Powered by Capital Market - Live News

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 07 2017 | 7:01 PM IST

Explore News