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 informed the exchanges that it acquired 11,38,000 equity shares (0.022% stake) of Bank of Baroda on 5th January 2026 through the stock exchange at a total cost of Rs. 35.05 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. Maithan Alloys clarified that the purchase is a passive investment for long and short-term benefits, with no intention to acquire control or management of Bank of Baroda. The acquisition is not a related party transaction and was done at arm's length. The disclosure was triggered because the purchase crossed a reporting threshold under SEBI listing rules.
This is a minor treasury investment by Maithan Alloys in a blue-chip public sector bank. It is unlikely to have any meaningful impact on Maithan Alloys' stock price, as the stake acquired is negligible (0.022%) and purely investment-oriented rather than strategic.