Bank of Maharashtra's OFS is a hit, government earns Rs 2492 crore

Hey there! The Bank of Maharashtra just had a big sale and guess what? It was so popular that it got 1.72 times the subscriptions! The government sold a 6 percent slice for about Rs 2,492 crore at Rs 54 per share. Now, their stake is down to 73.6 percent, making the bank compliant with the rules. Big thanks from the government to all the investors!