New Delhi, Dec. 2 -- The government is set to kick off the Offer for Sale (OFS) of its equity stake in the public sector lender Bank of Maharashtra (BoM), as confirmed by the Secretary of the Department of Investment and Public Asset Management (DIPAM), via a post on X today.
The two-day sale, which forms a part of the government's disinvestment drive, will begin tomorrow for Non-Retail Investors. Retail investors will be able to place their bids on Wednesday.
The government plans to offload a 5 percent equity stake in Bank of Maharashtra. Crucially, the offer includes an additional 1 pc equity reserved as a green shoe option.
The current disinvestment move is part of the government's broader strategy to meet its annual revenue targets a...