Indian Overseas Bank to Reduce Government Stake by 2.5% Through QIP

Unknown Apr 02, 2026 900 Views

Indian Overseas Bank (IOB) plans to decrease the government's stake by 2-2.5% in the fourth quarter of the financial year through a ₹2,000 crore Qualified Institutional Placement (QIP), as stated by CEO Ajay Kumar Srivastava. Currently, the government holds a 96.38% stake in IOB. This move al...

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