neutral
11h agoIndian Overseas Bank Shares Fall as Government Announces 3% OFS
Shares of Indian Overseas Bank (IOB) fell by 4% on December 17, 2025, hitting an intraday low of ₹35.09 after the government decided to divest a 3% stake through an Offer for Sale (OFS). The government aims to raise around ₹2,100 crore by selling up to 38.51 crore shares with an additional option for 19.25 crore shares. A floor price of ₹34 per share has been set for the OFS, with retail investors eligible for a discount. The bank’s stock has seen significant volatility recently, having dropped 32% since the beginning of 2025.
Upstox• By Pooja Kumari
Explore:Mutual Fund Home
neutral
11h agoIndian Overseas Bank Shares Fall as Government Announces 3% OFS
Shares of Indian Overseas Bank (IOB) fell by 4% on December 17, 2025, hitting an intraday low of ₹35.09 after the government decided to divest a 3% stake through an Offer for Sale (OFS). The government aims to raise around ₹2,100 crore by selling up to 38.51 crore shares with an additional option for 19.25 crore shares. A floor price of ₹34 per share has been set for the OFS, with retail investors eligible for a discount. The bank’s stock has seen significant volatility recently, having dropped 32% since the beginning of 2025.
Upstox• By Pooja Kumari
Explore:Mutual Fund Home
1 min read
93 words
Shares of Indian Overseas Bank dropped 4% as the government plans to divest 3% stake via an OFS, with a floor price set at ₹34 per share.
Shares of Indian Overseas Bank (IOB) fell by 4% on December 17, 2025, hitting an intraday low of ₹35.09 after the government decided to divest a 3% stake through an Offer for Sale (OFS). The government aims to raise around ₹2,100 crore by selling up to 38.51 crore shares with an additional option for 19.25 crore shares. A floor price of ₹34 per share has been set for the OFS, with retail investors eligible for a discount. The bank’s stock has seen significant volatility recently, having dropped 32% since the beginning of 2025.
Shares of Indian Overseas Bank (IOB) fell by 4% on December 17, 2025, hitting an intraday low of ₹35.09 after the government decided to divest a 3% stake through an Offer for Sale (OFS). The government aims to raise around ₹2,100 crore by selling up to 38.51 crore shares with an additional option for 19.25 crore shares. A floor price of ₹34 per share has been set for the OFS, with retail investors eligible for a discount. The bank’s stock has seen significant volatility recently, having dropped 32% since the beginning of 2025.
Dec 18, 2025 • 06:00