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Bank of Maharashtra Ltd Announces Raising Of Equity Capital By Issuance Of Equity Shares By Way Of Preferential Allotment To Government Of India

Monday, 1 Apr 2013 01:12am EDT 

Bank of Maharashtra Ltd announced that pursuant to the Special Resolution passed by the shareholders at the Extraordinary General Meeting held on March 18, 2013, the Board of Directors of the Bank, on March 30, 2013 has allotted 71,883,852 Equity Shares of INR10 each at INR56.48 per share aggregating to INR4,059,999,960.96, to the Government of India on preferential allotment basis. 

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