Deals1 Dec 2025, 06:31 pm
Bank of Maharashtra Announces Proposed Offer for Sale of up to 38,45,77,748 Equity Shares by Promoter
AI Summary
The President of India, acting through the Department of Financial Services, Ministry of Finance, Government of India, proposes to sell up to 38,45,77,748 Equity Shares of Bank of Maharashtra, representing 5% of the total issued and paid up equity share capital of the Bank. The offer will take place over two trading days on a separate window of the BSE Limited and the National Stock Exchange of India Limited. The allocation shall be at or above the Floor Price on a price priority basis at multiple clearing prices.
Key Highlights
- The President of India, acting through the Department of Financial Services, Ministry of Finance, Government of India, is the promoter of Bank of Maharashtra and proposes to sell up to 38,45,77,748 Equity Shares, representing 5% of the total issued and paid up equity share capital of the Bank.
- The offer will take place over two trading days on a separate window of the BSE Limited and the National Stock Exchange of India Limited.
- The allocation shall be at or above the Floor Price on a price priority basis at multiple clearing prices.
- 75,000 Equity Shares may be offered to eligible employees of the Bank through the stock exchange mechanism.
- The offer is subject to the OFS Guidelines and the approval from the competent authority.