The President of India, acting through the Department of Financial Services, divested 461,568 equity shares of Bank of Maharashtra on the open market between December 2nd and 3rd, 2025. This sale reduced the promoter’s stake from 79.60% to 73.60%. The transaction was executed via an Offer for Sale on the NSE and BSE.
Significant Stake Reduction
The President of India, acting through the Department of Financial Services, executed a sale of equity shares in Bank of Maharashtra. The transaction involved the divestment of 461,568 shares, impacting the promoter’s overall holding.
Details of the Share Sale
The equity shares were sold on the open market via an Offer for Sale (OFS) mechanism. This sale occurred between December 2nd, 2025, and December 3rd, 2025. Consequently, the promoter’s stake in Bank of Maharashtra has decreased from 79.60% to 73.60%.
Transaction Details
The transaction’s value was ₹461.57 Crore. The sale was executed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Source: BSE