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Centre plans stake sale via QIP in BoM
April 21, 2025
|Mint Kolkata
The government also plans equity dilution in other PSBs to meet Sebi's 25% public shareholding norms in FY26
The Centre is planning a qualified institutional placement (QIP) for Bank of Maharashtra to reduce its stake below 75% in keeping with public float norms, with the sale expected to conclude by FY26-end, two people in the know told Mint.
The move is part of a phased divestment strategy to reduce government holdings in public sector banks (PSBs) that fail to meet Securities and Exchange Board of India's requirement of at least 25% public shareholding in listed firms.
هذه القصة من طبعة April 21, 2025 من Mint Kolkata.
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