Bank of Maharashtra is going to raise equity capital of Rs.650 crore. The company has received approval from its board of director’s to raise equity capital of up to Rs.650 crore by way of preferential allotment in favor of government .

This approval was received at their meeting held on January 3,2018. Furthermore, the bank will fix the issue price for the preferential allotment of shares to the government as on January 17.

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