Indian government reduces stake in Bank of Maharashtra via OFS

The President of India, acting through the Department of Financial Services, has reduced its shareholding in Bank of Maharashtra. This disclosure, dated December 5, 2025, follows the sale of 461,568,297 equity shares. The transaction, valued at INR 461.57 Cr, was executed via an Offer for Sale on the National Stock Exchange and Bombay Stock Exchange.

Prior to the sale, the President of India held 79.60% of the bank's total share capital. Following the transaction, the stake has decreased to 73.60%. This change was completed between December 2, 2025, and December 3, 2025.

The disclosure was made in compliance with SEBI regulations, which mandate reporting of changes in holding by promoters. Vishal Sethia, company secretary & compliance officer, signed the filing for Bank of Maharashtra.