Govt to exercise green shoe option to divest 6% stake in Bank of Maharashtra after 400% over-subscription

Govt to exercise green shoe option to divest 6% stake in Bank of Maharashtra after 400% over-subscription

The government on Tuesday decided to exercise green shoe option with clear intention to divest 6 per cent stake in Bank of Maharashtra (BoM) through offer-for-sale following overwhelming response from investors on the first day of subscription. The OFS of BoM opened for subscription earlier on Tuesday for non-retail investors at a floor price of … Read more