Government to sell up to 6% in Bank of Maharashtra
pre-market1 source ↓written by the desknot a recommendation
- potentially raising
- ₹1,800 cr
- with an option
- 5% equity sale
- for an additional
- 1%
The government confirmed a stake sale in Bank of Maharashtra, initiating an Offer for Sale (OFS) starting tomorrow for non-retail investors. The floor price is set at ₹54 per share, potentially raising ₹1,800 cr from a 5% equity sale with an option for an additional 1%. This move aims to meet minimum public shareholding requirements.
Not investment advice. For informational purposes only.