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Maithan Alloys Ltd. ( (IN:MAITHANALL) ) just unveiled an update.
Maithan Alloys Ltd. has disclosed that it acquired equity shares of public sector lender Bank of India via stock exchange transactions, crossing the disclosure threshold under Indian listing regulations. The company invested Rs 25.04 crore in cash on 6 January 2026 to purchase 1,648,000 Bank of India shares, representing about 0.04% of the bank’s equity, and classified the position as a financial investment aimed at long-term and short-term returns rather than a move to seek management control, underscoring a portfolio-style allocation into a large, growing public sector bank without strategic or related-party implications.
More about Maithan Alloys Ltd.
Maithan Alloys Ltd. is an Indian ferro-alloys producer, operating multiple industrial units in West Bengal, Meghalaya and Andhra Pradesh, and supplying alloy products primarily to the steel and related metallurgical industries. The company positions itself as an investment-conscious industrial player, deploying surplus capital into listed securities alongside its core manufacturing operations.
Average Trading Volume: 1,471
Technical Sentiment Signal: Hold
Current Market Cap: 29.44B INR
For a thorough assessment of MAITHANALL stock, go to TipRanks’ Stock Analysis page.