ALPHA TRIBE

Bank of MaharashtraBoard Meeting, 25-04-2025: Outcome of Board Meeting

25-04-2025 | 03:11 pm

The Bank's Board has approved raising capital up to ₹7,500 Cr through various methods, including Follow-on Public Offer (FPO), Rights issue, Qualified Institutional Placement (QIP), or a combination thereof, subject to necessary approvals. Additionally, the Board sanctioned the issuance of Long Term Bonds (Infra Bonds) up to ₹10,000 Cr in multiple tranches during FY 2025-26. These decisions are expected to bolster the Bank's financial position and facilitate future growth opportunities.

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