Bank of Maharashtra, one of the leading public sector banks in India, has successfully raised capital of Rs 2,007 million through a private placement of Series I BASEL III Complaint Tier II Bonds.
Total 2007 bonds were allotted on Monday with face value of Rs 10 lakh each. The maturity date of the bonds is Dec. 13, 2030.
"The said bonds will be listed on the Wholesale Debt Market segment of the BSE," company said on Monday.
Shares of the bank declined Rs 0.16, or 1.12%, to settle at Rs 14.17. The total volume of shares traded was 310,179 at the BSE (Tuesday).