Government reduces stake in Indian Overseas Bank

Indian Overseas Bank has disclosed a significant change in shareholding by its promoter, the Government of India, acting through the department of financial services. The transaction, executed between December 17 and December 18, 2025, involved the sale of 417,838,271 equity shares.

Prior to the disposal, the promoter held 18,218,326,570 equity shares, representing 94.61% of the bank's total shares. Following the sale, the promoter's stake in Indian Overseas Bank decreased to 17,800,488,299 equity shares, now representing 92.44% of the total shares. The value of the transaction was reported as ₹417.83 Crores (Face Value).

The sale was conducted as an "Offer for Sale - On Market" on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).