BANK OF MAHARASHTRA - 532525 - Approval Of Raising Of Equity Capital By Passing Circular Resolution
With reference to our earlier intimation dated 21.03.2020, this is to inform that the Board of Directors of Bank has approved the following proposals through Circular resolution on 26.03.2020. 1) Raising of Equity Capital for an amount aggregating to Rs.831/- Crore (including premium) through issue of equity shares of Bank to Government of India on Preferential basis. 2) Approval of Shareholders of the Bank to be obtained through Postal ballot process for Preferential issue. We request you to consider the above information pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.26-03-2020