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An announcement from Maithan Alloys Ltd. ( (IN:MAITHANALL) ) is now available.
Maithan Alloys Ltd. has disclosed that it has acquired equity shares of public sector lender Bank of Baroda via stock exchange transactions, crossing the materiality threshold that requires reporting under Indian listing regulations. The company invested Rs 15.01 crore on 6 January 2026 to buy 490,000 shares, representing about 0.01% of Bank of Baroda’s equity, and has clarified that this is a treasury investment made at arm’s length, with no intention to seek management control or related-party involvement, signalling a financial rather than strategic move that modestly diversifies Maithan’s investment portfolio into the banking sector.
More about Maithan Alloys Ltd.
Maithan Alloys Ltd. is an Indian ferro alloys producer, operating multiple manufacturing units in West Bengal, Meghalaya and Andhra Pradesh. The company is ISO 9001:2008 certified and positions itself as an industrial player with its securities listed on major Indian stock exchanges, including NSE and BSE.
Average Trading Volume: 1,471
Technical Sentiment Signal: Hold
Current Market Cap: 29.44B INR
See more insights into MAITHANALL stock on TipRanks’ Stock Analysis page.