Alice Blue Home
URL copied to clipboard

Trending News

Government to divest up to 3% stake in Indian Overseas Bank, shares tank 5%

Indian Overseas Bank said the Government of India will sell up to 3 percent stake through OFS at Rs 34 floor price under SEBI norms.

Introduction

leading public sector lender faces government stake divestment through an Offer for Sale to meet SEBI minimum public shareholding norms at a specified floor price.

Alice Blue Image

Also Read: MTNL stock gains 10% after board approves sale of residential property in Mumbai to NABARD

Share price movement of Indian Overseas Bank

On December 17, 2025, Indian Overseas Bank opened at ₹36.10, down 1.28% from its previous close of ₹36.57. The stock hit a high of ₹36.10 and a low of ₹34.57. By 1:29 PM, it traded at ₹34.77, a 4.92% decline, with a market cap of ₹66,955.16 crore.

Government Announces IOB Stake Sale

The Government of India announced an Offer for Sale to divest up to 3% stake in Indian Overseas Bank through the stock exchanges on Tuesday as officially disclosed notice.

The OFS floor price is set at Rs 34 per share, reflecting about 7.6 percent discount to Indian Overseas Bank previous closing price of Rs 36.57 on the exchanges Tuesday.

The stake sale aims to meet SEBI minimum public shareholding norms, while the government holding about 94.6 percent will remain promoter after the transaction completion as per official disclosure notice.

Stock performance of Indian Overseas Bank for Period of 1 week, 6 months, and 1 year

Indian Overseas Bank Ltd delivered a 0.19% decline over the past week, slipped 1.75% in the past six months, and fell 33.7% over the past year.

Alice Blue Image

Also Read: Senores Pharmaceuticals stock jumps after board approves 100% acquisition of Apnar Pharma

Shareholding pattern of Indian Overseas Bank

ParticularsSep 2025Jun 2025Mar 2025
Promoter94.60%94.60%94.60%
FII0.30%0.10%0.20%
DII2.30%2.40%2.60%
Public2.80%2.90%2.60%

About Indian Overseas Bank

Indian Overseas Bank (NSE: IOB) was founded in 1937 by Chidambaram Chettyar. It is a public sector bank nationalized in 1969, offering banking and financial services across India.

Stay Ahead with the Latest Stock Market Updates – Click Here

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Indian Overseas Bank share price going down today?

A: Indian Overseas Bank shares declined after the Government announced an OFS to divest up to 3 percent stake at ₹34 floor price.

Q: What does Indian Overseas Bank Ltd specialize in?

A: Indian Overseas Bank specializes in retail banking, corporate banking, MSME lending, deposits, loans, and other financial services across India.

Q: What is the market capitalization of Indian Overseas Bank Technologies Ltd?

A: Indian Overseas Bank market capitalization stands at about ₹66,955 crore, based on the latest available exchange data.

Submit the form, and get to know how you scored!!!

Gainers & Losers

Read More News
गिफ्ट निफ्टी लाइव टुडे अक्टूबर 12: कच्चे तेल की कीमतों में गिरावट से बाजार में तेजी के संकेत
Global Market

गिफ्ट निफ्टी लाइव टुडे अक्टूबर 12: कच्चे तेल की कीमतों में गिरावट से बाजार में तेजी के संकेत

मेटा डिस्क्रिप्शन: गिफ्ट निफ्टी लाइव टुडे अक्टूबर 12 के संकेतों से भारतीय बाजारों में सकारात्मक शुरुआत की उम्मीद है। कच्चे

*T&C apply