Wednesday, Feb 18: Maithan Alloys has acquired equity shares of Bank of Baroda through the stock exchange, triggering disclosure requirements under Regulation 30 of SEBI (LODR), 2015.
As per the company’s filing dated February 18, 2026 , the acquisition took place on February 17, 2026 at 3:30 PM, with detailed particulars received by the company on February 18 at 9:47 AM.
Acquisition details
Maithan Alloys purchased 6,59,000 equity shares, representing 0.01% shareholding in Bank of Baroda.
The total acquisition cost stood at Rs 20.03 crore, and the transaction was executed via cash consideration.
The company clarified that:
- The acquisition does not fall under related party transactions.
- The transaction has been carried out at arm’s length.
- Maithan Alloys does not intend to acquire control, directly or indirectly, of the management of Bank of Baroda.
About Bank of Baroda
Bank of Baroda, incorporated on July 20, 1908, operates as a public sector bank offering corporate banking, retail banking, treasury solutions, financing, advisory services, and investment products.
As of March 31, 2025:
- Turnover: Rs 1,21,442 crore
- PAT: Rs 19,581 crore
- Net worth: Rs 1,15,457 crore
The bank operates in India and has 75 overseas branches across 17 countries.
Maithan Alloys stated that the investment forms part of its portfolio strategy aimed at generating long-term and short-term investment benefits.
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