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Bank of Maharashtra to divest entire 4% stake in ISARC for Rs.4-Cr

Business Standard  

Public sector lender Bank of Maharashtra (BoM) will divest its entire 4% stake in India SME Asset Reconstruction Company (ISARC). BoM has executed a share purchase agreement dated April 6, 2022 for the stake sale. The bank's 4% stake, equivalent to 40,00,000 equity shares, will be sold at INR 9.80 per share for a cash consideration for INR 3.92 crore.