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PSU Bank IOB shares tumble 4% as OFS priced at 7% discount opens

Indian Overseas Bank shares fell 4% to Rs 35 on December 17 as its offer for sale (OFS) opened with a 7% discount. The government aims to divest up to 3% stake, with retail investors able to bid from December 18. The OFS floor price is Rs 34, valuing the offer at over Rs 1,964 crore.

17 Dec 2025 11:52 am