New Delhi, Dec. 2 -- The Offer for Sale (OFS) of Bank of Maharashtra has received an overwhelming response, with the issue being subscribed 400% of the base size on Tuesday.

This prompted the government to exercise the green shoe option, allowing it to divest an additional 1% stake in the bank, taking the total stake sale to 6%.

In a post on X, the Department of Investment and Public Asset Management (DIPAM) Secretary said, "Offer for Sale in Bank of Maharashtra received overwhelming response in the markets today. The issue was subscribed 400 per cent of the base size. Government has decided to exercise the green shoe option. Retail investors get to bid tomorrow on 3rd December 2025. Congratulations to the staff and leadership at the Ba...