New Delhi, Dec. 3 -- State run-lender Bank of Maharashtra's offer for sale opened for retail investors on Wednesday, December 3. The issue was open to non-retail investors on Tuesday, December 2, and saw a robust demand.

As per a post by the Department of Investment and Public Asset Management (DIPAM) on X, the OFS for non-retail investors was subscribed four times the base size - which is 400%.

"Offer for Sale in Bank of Maharashtra received overwhelming response in the markets today. The issue was subscribed 400 percent of the base size. Government has decided to exercise the green shoe option," DIPAM said in its post on X.

The government has decided to sell up to a 6% stake in the PSU bank via the OFS route. Based on the prevailing ...