Acquisitions14 Feb 2026, 01:11 pm
Maithan Alloys Acquires 0.02% Stake in Bank of Baroda for Rs. 30.04 Crore
AI Summary
Maithan Alloys Ltd has acquired 1047000 shares of Bank of Baroda, amounting to 0.02% of the bank's shareholding, through a stock exchange on 13th February, 2026. The total cost of acquisition was Rs. 30.04 Crore. Bank of Baroda is a public sector bank that offers a comprehensive range of products and services in corporate banking, cash management, financing, lending, treasury solutions, advisory services, financing solutions, and retail banking. The bank also offers investment products such as mutual funds, insurance plans, and demat services. It has a presence in India with 75 overseas branches in 17 countries.
Key Highlights
- Maithan Alloys acquired 1047000 shares of Bank of Baroda, amounting to 0.02% of the bank's shareholding.
- The total cost of acquisition was Rs. 30.04 Crore.
- The acquisition was done through a stock exchange on 13th February, 2026.
- Bank of Baroda offers a comprehensive range of products and services in corporate banking, cash management, financing, lending, treasury solutions, advisory services, financing solutions, and retail banking.
- Bank of Baroda has a presence in India with 75 overseas branches in 17 countries.