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Govt's stake in BoM to fall below 75% post share sale
Financial Express Lucknow
|August 26, 2025
BANK OF MAHARASHTRA plans to raise at least ₹2,000 crore in FY26 to bring down the government's shareholding below 75% and to maintain a healthy capital to meet the growth needs of the bank, managing director and chief executive officer Nidhu Saxena said on the sidelines of the FIBAC event on Monday.
"We will work it out because as per the current prices... see, to comply with the SEBI norms, even at the current price ₹2,000 crore should suffice," Saxena said. The government's stake in the lender stood at 79.6% as on June 30.
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