IOB stake sale: Govt pares stake via OFS; holding drops to 92.44%
IOB stake sale: Govt pares stake via OFS; holding drops to 92.44%
The Indian government has reduced its stake in Indian Overseas Bank (IOB) to 92.44% after completing an offer-for-sale, diluting 2.17% of its equity. This move aligns with Sebi's minimum public shareholding norms, with a forbearance granted until August 2026 for public sector entities.
The Indian government has reduced its stake in Indian Overseas Bank (IOB) to 92.44% after completing an offer-for-sale, diluting 2.17% of its equity. This move aligns with Sebi's minimum public shareholding norms, with a forbearance granted until August 2026 for public sector entities.
The Indian government has reduced its stake in Indian Overseas Bank (IOB) to 92.44% after completing an offer-for-sale, diluting 2.17% of its equity. This move aligns with Sebi's minimum public shareholding norms, with a forbearance granted until August 2026 for public sector entities. 
