IOB: Govt's Stake Drops After OFS, Still Above SEBI Norm

• Government's stake in Indian Overseas Bank (IOB) reduced by 2.17% to 92.44% after the Offer-for-Sale (OFS).
• The OFS was conducted from December 16-18, 2025, including a green-shoe option that was exercised.
• The stake sale aims to comply with SEBI's 25% minimum public shareholding norm, with an exemption for government companies until August 2026.
• Other PSBs like Punjab & Sind Bank, UCO Bank, and Central Bank of India also have government stakes exceeding SEBI's MPS threshold.
• IOB shares fell 36% in one year; Q2 FY25 net profit was Rs 1,226.42 crore.

Why It Matters: Government reduced its IOB stake via OFS to 92.44%, still above SEBI's minimum public shareholding norm.