Maithan Alloys Acquires 0.04% Stake in Bank of India for Rs. 25.04 Crore

Maithan Alloys Ltd has acquired 1648000 shares of Bank of India, a Public Sector Bank, through the stock exchange. The acquisition was completed on 6th January 2026, with a total cost of Rs. 25.04 Crore. This represents 0.04% of the total shareholding of Bank of India. The acquired entity, Bank of India, is engaged in Banking Activity including products/line of business such as 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 information relating to the Target Entity has been obtained from its website and Financial Results for the FY 24-25 and BSE website.