Bank of Maharashtra shares in focus as it launches QIP to raise Rs 3,500 crore
Public sector lender Bank of Maharashtra shares are in focus on Tuesday after the bank launched a qualified institutional placement (QIP) to raise up to Rs 3,500 crore. The bank set a floor price of Rs 60.37 per share, slightly above Monday’s closing price of Rs 59.8. The bank may offer up to a 5%…
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AIA Engineering Rs 500-crore buyback: Last day to buy before record date
The board of AIA Engineering has approved a share buyback of Rs 500 crore at Rs 5,000 per share, a premium of nearly 10% over Fridayβs closing price of Rs 4,553. August 20 has been set as the record date. βWe wish to inform you that the Board of Directors of the Company, at its…
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