Bank of Maharashtra gains on the BSE
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Bank of Maharashtra is currently trading at Rs. 18.95, up by 0.10 points or 0.53% from its previous closing of Rs. 18.85 on the BSE.
The scrip opened at Rs. 18.85 and has touched a high and low of Rs. 19.15 and Rs. 18.85 respectively. So far 425756 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 31.95 on 07-Jun-2021 and a 52 week low of Rs. 15.85 on 28-Mar-2022.
Last one week high and low of the scrip stood at Rs. 19.40 and Rs. 16.85 respectively. The current market cap of the company is Rs. 12754.29 crore.
The promoters holding in the company stood at 90.97%, while Institutions and Non-Institutions held 3.82% and 5.21% respectively.
Bank of Maharashtra is all set to divest its entire stake of 4% in India SME Asset Reconstruction Company for nearly Rs 4 crore. The bank has executed a share purchase agreement on April 6, 2022, for the sale of the entire equity stake. The bank's 4 percent stake, equivalent to 40,00,000 equity shares, will be sold at Rs 9.80 per share. The transaction is expected to be completed by the end of December 2022.
Bank of Maharashtra offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The Bank also offers services to agricultural and SME sectors.
