Bank of Maharashtra Set for Government Stake Sale to Meet Public Shareholding Norms, Sources Reveal
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CNBC TV18•01/12/2025
Bank of Maharashtra Set for Government Stake Sale to Meet Public Shareholding Norms, Sources Reveal
- •Gov't to sell Bank of Maharashtra stake to meet public shareholding norms.
- •Stake sale likely at over 5% discount from current market price.
- •Government holds 79.6% stake in Bank of Maharashtra as of September quarter.
- •Sale of 5% stake could fetch close to ₹1,800 crore.
- •Bank of Maharashtra completed ₹3,500 crore QIP in October 2024.
Why it matters: Government stake sale may impact Bank of Maharashtra's share price and investor opportunities.
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