At meeting held on 11 July 2014
Bank of Maharashtra announced that pursuant to the Special Resolution passed by the shareholders at the Annual General Meeting held on 26 June 2014, the Board of Directors of the Bank, on 11 July 2014 has made the allotment as under-a. 13,33,63,574 equity shares of Rs. 10/- each for cash at conversion price of Rs. 44.09 per share including premium of Rs 34.09 per share aggregating to Rs. 587,99,99,977.66 on conversion of PNCPS of Rs. 588 crore held by Govt. of India, on Preferential basis to Government of India;
b. 9,07,23,520 equity shares of Rs. 10/- each for cash @ Rs. 44.09 per share including premium of Rs. 34.09 per share aggregating Rs. 399.99 crore to LIC of India and its schemes on Preferential basis.
Powered by Capital Market - Live News
