The bank made the announcement after market hours on Monday, 31 December 2012.
Meanwhile, the BSE Sensex was up 169.18 points or 0.87% at 19,595.89.
On BSE, 93,000 shares were traded in the counter as against average daily volume of 1.17 lakh shares in the past one quarter.
The stock hit a high of Rs 62.45 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 60.50 so far during the day. The stock had hit a 52-week low of Rs 38.20 on 2 January 2012.
The stock had outperformed the market over the past one month till 31 December 2012, surging 7.62% compared with the Sensex's 0.45% rise. The scrip had also outperformed the market in past one quarter, jumping 20.1% as against Sensex's 3.54% gain.
The state-run bank has equity capital of Rs 589.59 crore. Face value per share is Rs 10.
Bank of Maharashtra's net profit jumped 65.3% to Rs 166.01 crore on 25.1% growth in total income to Rs 2434.09 crore in Q2 September 2012 over Q2 September 2011.
The Government of India holds 78.95% stake in Bank of Maharashtra (as per the shareholding pattern as on 30 September 2012).
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