BANK NEWS
Bank of Maharashtra to raise capital upto Rs 7,500 Cr through FPO
The Bank in a board meeting today, April 24, 2023, is going to consider the proposal of raising Capital for the FY 2023-24 aggregating upto Rs 7,500 Crore through Follow-on Public offer (FPO)
![Bank of Maharashtra to raise capital upto Rs 7,500 Cr through FPO](https://www.psuconnect.in/sdsdsd/BOM.jpg)
New Delhi: Pune-based Public Sector Undertaking, Bank of Maharastra with more than 29 million customers across the country is going to raise the funds for Financial Year 2023-24.
The Bank in a board meeting today, April 24, 2023, is going to consider the proposal of raising Capital for the FY 2023-24 aggregating upto Rs 7,500 Crore through Follow-on Public offer (FPO)/Rights issue/ Qualified Institutional Placement(QIP) / Preferential issue or any other mode or combination of thereof and /or through the issue of BASEL III or such other securities as may be permitted under the applicable laws subject to necessary approvals.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh