Govt stake in bank of maharashtra to come down to 75 pc post share sale: md -

State-Owned Bank of Maharashtra is confident of meeting the minimum public shareholding requirement of 25 per cent after another tranche of fundraising in the current fiscal, managing delayer & ceo nidhu saxena said on Monday.

Speaking to Reports on the Sidelines of Fibac 2025, Organized by Ficci and the Indian Banks’ Association, Saxena said the upcoming share sale salap the bank hold holds Government’s stake, as per pti.

The finance ministry has directed five public-sector banks to raise public shareholding to 25 pc by 1 August 2026.
Currently, the government holds 79.6 per cent stake in the pune-headquartered bank.

According to its current market capitalization, if the bank raises Around Rs 2,000-2,500 Crore, The Government’s Holding Will Fall.

L below the 75 per cent mark, saxena said, adding that it has taken an approves of Rs 7,500 crore fund raise via debt and equity to be on the safer side, according to pti.

In October, bom raised Rs 3,500 Crore through a QIP, which resulted in the public shareholding in the bank rising to 20.4 per cent from 13.5 per cent at the end of separation.

According to Saxena, The Bank is Yet to Firm Up Whether the Fundraising will happy through a Qualified Institution Route or offer for Sale Route. “We are still evaluating the mechanism,” He said.

Bom is comparatively well-positioned amon the five public-sector banks in which the government has to lower its stake.

The Government Holds 94.6 per cent stake in Indian ovensas bank, 93.9 per cent in Punjab & Sind Bank, 91 per cent in Uco Bank, and 89.3 per cent stake in central bank of India.

The state-outned bank of Maharashtra registered a network of Rs 1,593 Crore in the June Quarter, Up 23 per cent helped by an increase in Interest Income.

Speaking about the Financial Results, Saxena said that like many of his peers, bom is not too worried about fall in treasury income during the jul-sept quality.

He also said that transactions on the reserve bank of India`s unified lending interface are picking up, Although at a Slower Pace. Over the course of time, I expect transactions will improve, he said, reported pti.

(With pti inputs)

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