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| Exchange Disseminated Time | Bank of Maharashtra has informed BSE that pursuant to the Special Resolution passed by the shareholders at the Annual General Meeting held on June 26, 2014, the Board of Directors of the Bank, on July 11, 2014 has made the allotment as under-
a. 13,33,63,574 equity shares of Rs. 10/- each for cash at conversion price of Rs. 44.09 per share including premium of Rs 34.09 per share aggregating to Rs. 587,99,99,977.66 on conversion of PNCPS of Rs. 588 Crore held by Govt. of India, on Preferential basis to Government of India;
b. 9,07,23,520 equity shares of Rs. 10/- each for cash @ Rs. 44.09 per share including premium of Rs. 34.09 per share aggregating Rs. 399,99,99,996.80 to LIC of India and its schemes on Preferential basis. |
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