Maithan Alloys Limited said it has acquired 12,98,500 equity shares of Bank of India (BoI) on March 13, 2026, for ₹19.82 crore through the stock exchange.
This acquisition is as part of the company’s investment in the public sector bank is with view to reap the long-term/short-term investment benefits, Maithan Alloys said in a regulatory filing.
The company, which manufactures and exports value-added manganese alloys and now has 0.03% of shareholding in BoI, said it does not intend to acquire control whether directly or indirectly of the management of the Target Entity.
Maithan Alloys equity shares on Friday (March 13, 2026) closed at ₹926.30 apiece, down 1.48 per cent over the previous close on BSE. BoI equity shares closed at ₹150.05 apiece, down 3.04% over the previous close on BSE.
Published on March 14, 2026