Acquisitions17 Feb 2026, 04:28 pm
Maithan Alloys Acquires Shares of Bank of Baroda for Rs. 25.04 Crore
AI Summary
Maithan Alloys Ltd has acquired equity shares of Bank of Baroda through the stock exchange, amounting to a total cost of acquisition of Rs. 25.04 Crore. This acquisition resulted in the acquisition of 0.02% shareholding, which translates to 861000 shares. The acquisition is not a related party transaction and is done at arm's length. The shares were acquired with the view to reap long-term/short-term investment benefits. The acquisition is completed and does not grant Maithan Alloys control over Bank of Baroda's management.
Key Highlights
- Maithan Alloys acquired 0.02% shareholding of Bank of Baroda through the stock exchange.
- The total cost of acquisition was Rs. 25.04 Crore.
- The acquisition is not a related party transaction and is done at arm's length.
- The acquisition is completed and does not grant Maithan Alloys control over Bank of Baroda's management.
- Bank of Baroda is a Public Sector Bank with a turnover of Rs. 121442 Crore and a net worth of Rs. 19581 Crore.