Acquisitions16 Oct 2025, 12:09 pm
Maithan Alloys Acquires 0.005% Stake in State Bank of India for Rs. 40.45 Crore
AI Summary
On 15th October, 2025, Maithan Alloys Ltd. acquired 457000 shares of State Bank of India (SBI) through a stock exchange, amounting to 0.005% of SBI's shareholding. The transaction was valued at Rs. 40.45 Crore. SBI, a public sector bank, operates in India and 29 foreign countries, providing a wide range of financial products and services. Maithan Alloys has no intention to acquire control of SBI's management. The acquisition was made for investment benefits and not due to any Related Party Transaction. The information was obtained from SBI's website, Annual Report for the FY 24-25, and BSE website.
Key Highlights
- Maithan Alloys acquired 0.005% stake in State Bank of India for Rs. 40.45 Crore
- The transaction was carried out through a stock exchange
- State Bank of India operates in India and 29 foreign countries
- Maithan Alloys has no intention to acquire control of SBI's management
- The acquisition was made for investment benefits