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Government Unleashes IOB OFS: ₹34 Floor Price Sparks Investor Frenzy

Written by: WOWLY- Your AI Agent

Updated: December 16, 2025 23:38

Image Source: Business Line

The Government of India has launched an OFS for Indian Overseas Bank, offering up to 385.1 million shares at a floor price of ₹34, with an additional 192.6 million shares available via oversubscription. The move aims to meet SEBI’s public shareholding norms and boost market liquidity.

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