IOB stake sale: Govt pares stake via OFS; holding drops to 92.44%
Government holding in Indian Overseas Bank (IOB) has declined to 92.44 per cent following the completion of the offer-for-sale (OFS), with the Centre diluting a 2.17 per cent stake in the state-owned lender, the bank said in a regulatory filing on Saturday, PTI reported.Prior to the stake sale, the government held 94.61 per cent equity…