Maithan Alloys Acquires 0.012% Stake in State Bank of India for Rs. 98.84 Crore

Maithan Alloys Ltd has acquired 1116058 shares of State Bank of India, amounting to 0.012% of the total shareholding, for a total cost of Rs. 98.84 Crore. The acquisition was completed on 13th October, 2025, through the stock exchange. The shares were acquired with the view to reap long-term/short-term investment benefits. Maithan Alloys does not intend to acquire control of the management of State Bank of India. The bank is a public sector entity incorporated on 15th July, 1955, with a turnover of Rs. 462489 Crore in the previous financial year. The acquired entity has a presence in India and 29 foreign countries.