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Bank of Maharashtra raises 1000 cr via QIP LIC gets 8 cr shares

Admin - 2 years ago
Economy
State-run Bank of Maharashtra has raised ₹1,000 crore through qualified institutional placement (QIP). For the QIP, the board approved the allotment of 35.1 crore shares to institutional buyers. Five institutional buyers were allotted more than 5% stake in the company, with LIC getting the largest allocation (8.34 crore shares). Aditya Birla Sun Life Insurance Company bagged 4.50 crore shares.

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After shaking off an injury which sidelined him for a month,...
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Ben Stokes' incredible knock of 155 runs couldn't secure the...
win for his side as Australian bowlers bounced and won the 2nd Ashes Test by 43 runs at the Lord's on Sunday.

2 years ago

From COVID warning to the estimated global burden of diabete...
s, this week's health news covers important information and updates on fitness and well-being

2 years ago

After shaking off an injury which sidelined him for a month,...
Neeraj Chopra has his eyes set on a second straight podium finish in the Diamond League on Friday at Lausanne.

2 years ago

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