Maithan Alloys Limited has informed the Exchange about acquisition of Equity Shares through Stock Exchange.
MAITHANALL · price
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Awaiting price reaction for this filing.
Maithan Alloys bought 490,000 equity shares (0.01% stake) of Bank of Baroda through the stock exchange on 6 January 2026 for a total of Rs. 5.01 crore in cash. The acquisition was disclosed because it triggered a SEBI Regulation 30 threshold limit, meaning Maithan's holding in BoB likely crossed a significant mark. The company clarified this is a treasury investment for long-term/short-term gains and it does not intend to take any control of BoB's management. BoB is a large public sector bank with turnover of Rs. 1,21,442 crore in FY25 and net worth of Rs. 1,15,457 crore.
This is a routine investment disclosure and not a strategic takeover. Shareholders should note Maithan is deploying cash into listed equities, but the 0.01% stake and Rs. 5 crore outlay are immaterial to Maithan's own financials, so expect limited direct impact on the stock price.