Bank of Maharashtra's OFS Sees Overwhelming Non-Retail Participation
The Government of India's Offer for Sale (OFS) for a 6% stake in Bank of Maharashtra, launched on December 1, 2025, met with an impressive response on its opening day for non-retail investors. The sale, which includes a 5% equity share and an additional 1% green-shoe option, was oversubscribed 4.07 times the base size. This strong investor interest prompted the government to exercise the entire green-shoe option. The OFS will now be available to retail investors and bank employees from December 3, 2025.
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