Bank of Maharashtra
Aditya Birla Sun Life Mutual Fund decreased its stake in Bank of Maharashtra from 1.45% to 1.38%, offloading 4,872,702 shares. The shares were valued at approximately ₹39.80 crore, based on Bank of Maharashtra's closing price of ₹81.65.
A public sector bank providing comprehensive banking services across India, Bank of Maharashtra operates through treasury, corporate and wholesale banking, retail banking, and other financial operations. The bank serves both institutional and individual customers through its extensive branch network. As a government-backed institution, it focuses on inclusive financial services, supporting economic development, and meeting the diverse banking needs of customers across urban and rural regions.
Joint venture between Aditya Birla Capital and Sun Life Financial of Canada. Among India's top five AMCs with over Rs 6.5 lakh crore in AUM across 100+ schemes. MD and CEO A. Balasubramanian is one of the most outspoken fund industry voices in India. CIO Mahesh Patil oversees the equity book with a consistent large and multicap tilt.