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9h agoIndian Overseas Bank Exercises Oversubscription Option in OFS
Indian Overseas Bank (IOB) announced that the government of India will exercise the oversubscription option in its ongoing offer for sale (OFS). This decision increases the offer size by an additional 7.61 crore equity shares, bringing the total to up to 46.12 crore shares, or around 2.395% of IOB’s paid-up equity capital. The offer, initially set at 38.51 crore shares, is aimed at reducing the government's stake in the bank. T
Companies:
- Indian Overseas Bank
Tags:
- IOB
- OFS
Explore:Mutual Fund Categories
neutral
9h agoIndian Overseas Bank Exercises Oversubscription Option in OFS
Indian Overseas Bank (IOB) announced that the government of India will exercise the oversubscription option in its ongoing offer for sale (OFS). This decision increases the offer size by an additional 7.61 crore equity shares, bringing the total to up to 46.12 crore shares, or around 2.395% of IOB’s paid-up equity capital. The offer, initially set at 38.51 crore shares, is aimed at reducing the government's stake in the bank. T
Companies:
- Indian Overseas Bank
Tags:
- IOB
- OFS
Explore:Mutual Fund Categories
1 min read
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Indian Overseas Bank increases the size of its OFS by exercising the oversubscription option, with retail bids open today at ₹34 per share.
Indian Overseas Bank (IOB) announced that the government of India will exercise the oversubscription option in its ongoing offer for sale (OFS). This decision increases the offer size by an additional 7.61 crore equity shares, bringing the total to up to 46.12 crore shares, or around 2.395% of IOB’s paid-up equity capital. The offer, initially set at 38.51 crore shares, is aimed at reducing the government's stake in the bank. T
Indian Overseas Bank (IOB) announced that the government of India will exercise the oversubscription option in its ongoing offer for sale (OFS). This decision increases the offer size by an additional 7.61 crore equity shares, bringing the total to up to 46.12 crore shares, or around 2.395% of IOB’s paid-up equity capital. The offer, initially set at 38.51 crore shares, is aimed at reducing the government's stake in the bank. T
Companies:
- Indian Overseas Bank
Tags:
- IOB
- OFS
- IOB
- OFS
- Government Offer
- Indian Overseas Bank
- Equity Shares
- Retail Investors
Dec 19, 2025 • 06:16