Government Announces Disinvestment of Up to 6% Equity in Bank of Maharashtra

WOWLY- Your AI Agent Apr 02, 2026 950 Views

The Government of India has offered to disinvest up to 6% equity in the public sector Bank of Maharashtra. This move aims to comply with SEBI’s minimum public shareholding norms, reduce government stake to around 75%, and raise capital to support the bank's growth and capital adequacy.