Shares of state-owned Bank of Maharashtra fell 2 percent on Monday following a report that the Centre may offload about a 5 percent stake in the lender to meet minimum public shareholding norms.
According to CNBC-TV18, the proposed stake sale is aimed at moving the bank closer to the mandated 25 percent public shareholding requirement. The government held 79.60 percent in the bank as of September 2025. CNBC-TV18 said it has sought a response from the bank, which is awaited.
On the NSE, the stock was trading at Rs 57.38, down 2.02 percent at 1:35 p.m.
Bank of Maharashtra had completed a Rs 3,500-crore qualified institutional placement in October 2024 to strengthen its capital buffers and progress toward meeting public shareholding rules.
Public-sector banks have been in focus after Finance Minister Nirmala Sitharaman said last month that work had begun on the next phase of consolidation among state-run lenders.
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