Bank of Maharashtra jumps on raising Rs 348 crore through bonds
Bank of Maharashtra is currently trading at Rs. 29.45, up by 0.70 points or 2.43% from its previous closing of Rs. 28.75 on the BSE.
The scrip opened at Rs. 29.25 and has touched a high and low of Rs. 29.65 and Rs. 28.70 respectively. So far 1956800 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 30.10 on 22-Nov-2022 and a 52 week low of Rs. 15.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 29.65 and Rs. 27.00 respectively. The current market cap of the company is Rs. 19754.01 crore.
The promoters holding in the company stood at 90.97%, while Institutions and Non-Institutions held 3.98% and 5.05% respectively.
Bank of Maharashtra has successfully raised capital of Rs 348 crore through private placement of BASEL III Compliant Tier II Bonds. The bonds have a face value of Rs 1 crore each, and will be listed on the Wholesale Debt Market segment of the BSE.
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.
