Try GOLD - Free
BoM eyes ₹2,000 cr stake sale via QIP
Mint Bangalore
|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 Bangalore.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Bangalore
Mint Bangalore
Govt may wind up DoT's top policy panel
the third official, adding that the matter is being taken up by the Union cabinet.
1 min
June 26, 2026
Mint Bangalore
Amazon pledges $13 bn more in India AI outlays
Amazon.com Inc. added $13 billion to its planned India investments, accelerating its buildout of artificial intelligence and cloud infrastructure in the world’s most populous country.
1 min
June 26, 2026
Mint Bangalore
THE OPPORTUNITY COST OF WAITING FOR PERFECT TRADE
Several years ago, midway through my Master’s programme at Northwestern University in Chicago, many of my classmates accepted summer internships that were not closely aligned with the course.
2 mins
June 26, 2026
Mint Bangalore
Traceability rules cover vaccines, cancer drugs now
The Union health ministry expanded mandatory track-and-trace requirements to cover all vaccines, antibiotics, cancer drugs and narcotic and psychotropic substances, widening an anti-counterfeiting system that previously applied only to India’s 300 top-selling drug brands.
1 min
June 26, 2026
Mint Bangalore
‘Build foundational AI or risk becoming a mere consumer’
BharatGen, which has built its first model from scratch, warns of a severe talent deficit
3 mins
June 26, 2026
Mint Bangalore
EV platform BLive to invest ₹100 cr
Electric mobility platform BLive on Thursday announced an investment of over ₹100 crore to deploy 1,000 electric mini-trucks over the next two years.
1 min
June 26, 2026
Mint Bangalore
Two powerful earthquakes hit Venezuela, killing at least 164
Wednesday evening's 7.2, 7.5 magnitude quakes among strongest to strike the country in more than a century
4 mins
June 26, 2026
Mint Bangalore
Did the forex reserves position warrant RBI's crisis playbook?
The central bank's costly measures to attract dollars are hard to explain at a time of comfortable foreign-exchange buffers
3 mins
June 26, 2026
Mint Bangalore
'Energy security key to Brics synergy'
Brics energy ministers on Thursday reaffirmed that energy security remains central to the grouping’s cooperation, stressing the need for diversified, resilient and transparent energy systems and supply chains.
1 min
June 26, 2026
Mint Bangalore
JSW Ventures eyes ₹500 crore fund
Early-stage venture capital firm JSW Ventures is preparing to raise its third fund, targeting a corpus of ₹400-500 crore as it looks to back a concentrated portfolio of startups and write larger cheques in a competitive funding market.
2 mins
June 26, 2026
Listen
Translate
Change font size