Bank of Maharashtra OFS opens for 6% stake sale
after close1 source ↓written by the desknot a recommendation
- in Bank
- 6% stake
- to raise approximately
- ₹2,600 cr
- were trading
- ₹57.15
- as the OFS
- 0.87%
The government is set to offload up to 6% stake in Bank of Maharashtra through an offer for sale (OFS), aiming to raise approximately ₹2,600 cr. This move will help the bank meet the minimum public shareholding norm of 25% as the government stake drops below 75%. Shares were trading at ₹57.15, down 0.87% as the OFS commenced.
Not investment advice. For informational purposes only.