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The Times of India News

Business / The Times of India

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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.

20 Dec 2025 10:01 pm