Bank of Maharashtra
Kotak Mutual Fund increased its stake in Bank of Maharashtra from 3.13% to 3.45%, purchasing 2,45,69,066 shares.
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.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.