Bank of Maharashtra OFS opens today. Floor price, size, other details
Bank of Maharashtra share price traded flat on Tuesday as the company’s offer for sale opens today. The government has decided to divest up to 6% stake in PSU bank through the OFS route.
At the current market price, the government is expected to raise more than ₹2,600 crore by offloading up to 6% stake in the Bank of Maharashtra.
“Offer for Sale in Bank of Maharashtra (BOM) opens tomorrow for Non-Retail investors. Retail investors can bid on Wednesday. Government offers to disinvest 5% equity in the bank with an additional 1% as a green shoe option,” Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X.
Here are the key details of Bank of Maharashtra OFS:
