Govt to offload 5% stake in Bank of Maharashtra via OFS, issues opens Tue
This story was originally published at 18:25 IST on 1 December 2025
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--Divest secy: To divest 5% stake in Bank of Maharashtra via OFS Tue, Wed
NEW DELHI – The government is set to offload a 5% stake in Bank of Maharashtra through an offer for sale, Divestment Secretary Arunish Chawla said Monday. The OFS will open Tuesday for non-retail investors and retail investors can bid on Wednesday, Chawla said.
The issue will have a green shoe option of an additional 1%, Chawla said in a post on social media platform X. The government currently holds a 79.6% share in Bank of Maharashtra.
The OFS will help the government meet the Securities and Exchange Board of India's minimum public shareholding norm. According to SEBI, all listed companies must maintain a public shareholding of 25%.
Bank of Maharashtra had reported a net profit of INR 16.33 billion, up 23% on year, in the September quarter. Its total income was 17% higher on year, at INR 79.74 billion. The shares of the bank Monday ended 1.6% lower at INR 57.65 on the National Stock Exchange. End
Reported by Krity Ambey
Edited by Akul Nishant Akhoury
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