Maithan Alloys Acquires 0.01% Stake in Bank of India for Rs. 10.74 Crore

Maithan Alloys Ltd has acquired 649700 shares, representing 0.01% of the total shares of Bank of India, through the stock exchange on 12th February, 2026. The shares were acquired at a cost of Rs. 10.74 Crore. Bank of India is a public sector bank engaged in banking activities including accepting deposits and providing credit finance. It has over 5300 branches, 69 zonal offices, and 13 FGMO offices in India, and also has overseas presence in 10 countries. The acquisition is not a related party transaction and is done at arms length. The acquisition is part of Maithan Alloys' investment strategy and does not intend to acquire control of the management of Bank of India.