Bank of Maharashtra board approves plan to raise up to Rs 3,000 cr via equity sale, bond issuance

The board of directors at a meeting on Friday considered and approved "raising of capital in aggregate up to Rs 2,000 crore by way of preferential allotment to the Government of India/FI/others/or by way of qualified institutional placement issue/further public issue/rights issue and or/additional tier-1 bonds", the bank said in a regulatory filing.

from Banking & Finance – The Financial Express https://ift.tt/2W55ZHI