The Offer for Sale in Bank of Maharashtra is set to open on Tuesday with the government aiming to sell up to 6% stake via an offer-for-sale, the Department of Investment and Public Asset Management (DIPAM) said in an update on social media post X. The bid will be open tomorrow for Non-Retail investors, while the Retail investors can bid on Wednesday.
"Government offers to disinvest 5% equity in the bank with an additional 1% as a green shoe option," DIPAM said.
Notably, at the end of the September quarter, the government had a 79.6% stake in Bank of Maharashtra.
Earlier in October 2024, the Bank of Maharashtra had completed a Rs 3,500 crore QIP to strengthen its capital base and move toward meeting public shareholding norms.
In its recently released June-September quarter of FY26, Bank of Maharashtra reported a 23% year-on-year increase in net profit to Rs 1,633 crore. The growth was mainly aided by healthy growth in net interest income (NII). Bank's NII expanded 15.71% Y-o-Y to Rs 3,248 crore in Q2FY26, compared to Rs 2,807 crore in Q2FY25. The net interest margin (NIM) moderated to 3.85% in Q2FY26 from 3.98% in Q2FY25.
-
Horoscope Today for LEO, 2nd December 2025: Lead with Heart & Clearheaded Energy
-
Horoscope Today for VIRGO, 2nd December 2025: Analytical Clarity, Inner Strength & Steady Progress
-
Horoscope Today for LIBRA, 2nd December 2025: Emotional Honesty Meets Purposeful Progress
-
Horoscope Today for SCORPIO, 2nd December 2025: Turn Intensity into Intentional Power
-
Horoscope Today for SAGITTARIUS, 2nd December 2025: Ignite Drive and Align Purpose
