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BoM eyes ₹2,000 cr stake sale via QIP
Mint Hyderabad
|August 26, 2025
State-run Bank of Maharashtra aims to raise at least ₹2,000 crore by selling shares through a qualified institutional placement (QIP) or an offer for sale this financial year to reduce the government's stake in the lender to 75% and meet the market regulator's minimum public shareholding norm.
"We will work it out, because as per the current prices, to comply with the Sebi (Securities and Exchange Board of India) norms, even at the current price, around ₹2,000 crore should suffice," managing director and chief executive officer Ni
This story is from the August 26, 2025 edition of Mint Hyderabad.
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