Bank of Maharashtra climbs on planning to raise Rs 1,500 crore through bonds

13 Sep 2023 Evaluate

Bank Of Maharashtra is currently trading at Rs. 43.28, up by 2.18 points or 5.30% from its previous closing of Rs. 41.10 on the BSE.

The scrip opened at Rs. 41.09 and has touched a high and low of Rs. 43.28 and Rs. 40.06 respectively. So far 4982077 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 44.75 on 12-Sep-2023 and a 52 week low of Rs. 16.95 on 29-Sep-2022.

Last one week high and low of the scrip stood at Rs. 44.75 and Rs. 40.06 respectively. The current market cap of the company is Rs. 29989.62 crore.

The promoters holding in the company stood at 86.46%, while Institutions and Non-Institutions held 7.11% and 6.43% respectively.

Bank of Maharashtra (BoM) is planning to raise Rs 1,500 crore through bonds to fund business growth. The lender intends to raise the funds through private placement of Basel-III compliant tier II bonds. 

The issue size is Rs 250 crore with a green shoe option of Rs 1,250 crore. The tenure of the bonds is going to be 10 years. The bond auction date is September 14, while allotment to bidders would be made on September 18.

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.


Bank of Maharashtra Share Price

54.60 1.50 (2.82%)
20-Dec-2024 16:59 View Price Chart
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