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5h agoIndian Overseas Bank Shares Dip as Government Plans 3% Stake Divestment
Indian Overseas Bank's shares slipped by 4% to ₹35.09 on December 17, following the government's decision to divest up to a 3% stake in the lender via an offer for sale (OFS). The sale, expected to raise approximately ₹2,100 crore, includes a base offer of 38.51 crore shares, with an option for an additional 19.25 crore shares. The offer will be conducted at a floor price of ₹34 per share, with retail investors eligible for a discount. Despite this, the bank's shares have fallen 32% since the start of 2025.
neutral
5h agoIndian Overseas Bank Shares Dip as Government Plans 3% Stake Divestment
Indian Overseas Bank's shares slipped by 4% to ₹35.09 on December 17, following the government's decision to divest up to a 3% stake in the lender via an offer for sale (OFS). The sale, expected to raise approximately ₹2,100 crore, includes a base offer of 38.51 crore shares, with an option for an additional 19.25 crore shares. The offer will be conducted at a floor price of ₹34 per share, with retail investors eligible for a discount. Despite this, the bank's shares have fallen 32% since the start of 2025.
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Indian Overseas Bank shares fell 4% as the government announced a 3% stake sale, set to raise ₹2,100 crore through an offer for sale.
Indian Overseas Bank's shares slipped by 4% to ₹35.09 on December 17, following the government's decision to divest up to a 3% stake in the lender via an offer for sale (OFS). The sale, expected to raise approximately ₹2,100 crore, includes a base offer of 38.51 crore shares, with an option for an additional 19.25 crore shares. The offer will be conducted at a floor price of ₹34 per share, with retail investors eligible for a discount. Despite this, the bank's shares have fallen 32% since the start of 2025.
Indian Overseas Bank's shares slipped by 4% to ₹35.09 on December 17, following the government's decision to divest up to a 3% stake in the lender via an offer for sale (OFS). The sale, expected to raise approximately ₹2,100 crore, includes a base offer of 38.51 crore shares, with an option for an additional 19.25 crore shares. The offer will be conducted at a floor price of ₹34 per share, with retail investors eligible for a discount. Despite this, the bank's shares have fallen 32% since the start of 2025.
Dec 17, 2025 • 06:55