Government to Sell 3% Stake in IOB via OFS at 7% Discount, Aims ₹2200 Crore

• Government of India will sell up to 3% stake in Indian Overseas Bank (IOB) through an Offer for Sale (OFS).
• The OFS floor price is ₹34 per share, a 7% discount from Tuesday's closing price.
• The sale involves 38.51 crore shares (2%) with an option for an additional 25.65 crore shares (1%), potentially raising ₹2200 crore.
• Non-retail investors can bid on Dec 17, 2025; retail investors and employees on Dec 18, 2025, with a discount.
• The stake sale aims to meet Minimum Public Shareholding (MPS) norms and reduce the government's current 94%+ holding.

Why It Matters: Government to divest up to 3% in IOB at a discount to meet MPS norms and raise ₹2200 crore.