IOB set to raise 4,000 crore; Centre’s stake to fall
IOB set to raise 4,000 crore; Centre’s stake to fall CHENNAI: Close on the heels of the Centre divesting 2.2% of its shares in Indian Overseas Bank (IOB), the public sector bank will raise Rs 4,000 crore through a qualified institutional placement (QIP) in Q4 FY26. The move will further bring down the Union government’s…
