Mumbai, Aug. 25 -- State-run Bank of Maharashtra aims to raise at least Rs.2,000 crore by selling shares through a qualified institutional placement (QIP) or an offer for sale this financial year to reduce the government's stake in the lender to 75% and meet the market regulator's minimum public shareholding norm.

"We will work it out, because as per the current prices, to comply with the Sebi norms, even at the current price, around Rs.2,000 crore should suffice," managing director and chief executive officer (CEO) Nidhu Saxena said on the sidelines of the Ficci-IBA banking conference in Mumbai on Monday.

Shares of Bank of Maharashtra settled 0.8% lower at Rs.54.38 apiece on the NSE on Monday.

"There are various options we are evaluat...