IOB wipes out ₹20,000-cr accumulated losses, to raise ₹5,000 cr in share sale
The proposed share sale assumes significance as the central government owns 92.44% of the bank, according to IOB’s shareholding pattern as of 30 June 2026, leaving a relatively small public float. Insurance companies hold 3.72%, individual investors 2.40%, foreign portfolio investors 0.47%, mutual funds 0.24%, while financial institutions and banks own 0.33%, among other shareholders.
Post Comment