Maithan Alloys Acquires 0.01% Stake in Bank of Baroda for Rs. 15.01 Crore

Maithan Alloys Ltd has acquired 490000 shares of Bank of Baroda, amounting to 0.01% of the bank's shareholding, for a total cost of Rs. 15.01 Crore. The acquisition was done through the stock exchange and the shares were not part of a related party transaction. The acquisition is not intended to acquire control of Bank of Baroda's management. The bank offers a comprehensive range of products and services in corporate banking, cash management, financing, lending, treasury solutions, advisory services, financing solutions, and retail banking. It also offers investment products such as mutual funds, insurance plans, and demat services. The information was obtained from the bank's website and Financial Results for the FY 24-25 and BSE website.