Govt likely to sell 5% stake in Bank of Maharashtra: Report
The government is planning to sell around 5% stake in Bank of Maharashtra to comply with the minimum public shareholding norms, CNBC-TV18 reported. The transaction could happen at a discount of over 5% from the current market price, valuing the deal at around ₹1,800 crore. Shares of the lender dipped roughly 2% on Monday following the report.