The government on Wednesday decided to exercise the green shoe option to offload a higher 3 percent stake in Indian Overseas Bank through an offer for sale, following overwhelming response from investors on the first day of subscription.Indian Overseas Bank’s (IOB) OFS opened for subscription to non-retail investors on Wednesday at a floor price of […]
The government has decided to divest a stake of up to 6 percent in state-owned Bank of Maharashtra through a sale offer effective Tuesday. At the current market price, the government could raise about Rs 2,600 crore by divesting up to 6 percent stake in the bank. “The Bank of Maharashtra (BOM) offer for sale […]