Bank of Maharashtra is currently trading at Rs. 14.94, up by 0.18 points or 1.22% from its previous closing of Rs. 14.76 on the BSE.
The scrip opened at Rs. 15.00 and has touched a high and low of Rs. 15.10 and Rs. 14.89 respectively. So far 128520 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 15.34 on 25-Aug-2020 and a 52 week low of Rs. 7.71 on 13-Mar-2020.
Last one week high and low of the scrip stood at Rs. 15.34 and Rs. 12.25 respectively. The current market cap of the company is Rs. 9682.79 crore.
The promoters holding in the company stood at 92.49%, while Institutions and Non-Institutions held 4.11% and 3.40% respectively.
Bank of Maharashtra has issued and allotted 73,60,49,601 Equity shares of Rs 10 each of Bank for cash at issue price of Rs 11.29 per share (including premium) to Government of India (President of India) aggregating to Rs 831 crore on preferential basis, consequent to the receipt of necessary approvals / permissions. With this allotment, Government of India holding has increased from 92.49% to 93.33%.
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.