Maithan Alloys Limited has informed the Exchange about acquisition of Equity Shares through Stock Exchange.
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Awaiting price reaction for this filing.
Maithan Alloys Limited disclosed that it acquired 6,64,517 equity shares (0.01% shareholding) of Bank of Baroda on 12th February 2026 through the stock exchange, at a total cost of Rs. 19.26 crore in cash. Bank of Baroda is a large public sector bank with a turnover of Rs. 1,21,442 crore and net worth of Rs. 1,15,457 crore as of March 2025. The acquisition is purely an investment — Maithan Alloys stated it does not intend to acquire control over Bank of Baroda's management. The transaction was at arm's length, not a related-party deal, and required no regulatory approvals.
This is a minor treasury investment by Maithan Alloys in a large PSU bank and is unlikely to materially impact Maithan Alloys' business or stock price. It signals surplus cash being deployed into equity investments rather than any strategic shift.