Maithan Alloys Limited has informed the Exchange about acquisition of Equity Shares through Stock Exchange.
MAITHANALL · price
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On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 1.0 pts less than its Ferro & Silica Manganese peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Maithan Alloys Limited acquired 6,02,688 equity shares of Bank of India on 11th March 2026 through the stock exchange, amounting to 0.01% of Bank of India's shareholding. The total cost of acquisition was Rs. 9.36 Crore, paid in cash. The acquisition is part of the company's investment activity to earn long-term or short-term returns and is not aimed at gaining control over Bank of India's management. Bank of India is a public sector bank with a turnover of Rs. 70,826 Crore and net worth of Rs. 65,642 Crore as of FY25, operating over 5,300 branches in India and 22 overseas offices across 10 countries.
This is a minor treasury investment by Maithan Alloys and is unlikely to materially impact its stock price or operations. Shareholders should view this as routine portfolio investment activity rather than a strategic shift.