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OFFER FOR SALE IOB
IOB, Punjab & Sind Bank plan QIPs to raise Rs 7,000 croreIndian Overseas Bank and Punjab & Sind Bank plan to raise Rs 7,000 crore via qualified institutional placements to fund growth, meet Basel ...- Govt to exercise green shoe option, to divest 3% stake in IOBThe government on Wednesday decided to exercise green shoe option to divest a higher 3 per cent stake in Indian Overseas Bank through offer...
- PSU Bank IOB shares tumble 4% as OFS priced at 7% discount opensIndian Overseas Bank shares fell 4% to Rs 35 on December 17 as its offer for sale (OFS) opened with a 7% discount. The government aims to d...
- Government to sell up to 3% stake in Indian Overseas Bank via OFS, sets floor price at Rs 34/shareThe government will divest up to 3% stake in Indian Overseas Bank via an offer for sale starting December 17, with a floor price of Rs 34, ...
- Banks weigh fee waivers, easy loans as US tariff hammer threatens Indian tradeIndian banks are proactively implementing measures to mitigate the impact of the impending 50% US tariff on Indian exports. These measures ...
- Rainmakers waiting for govt to rain stake sales in banks, financial institutionsLocal merchant banks are likely to compete fiercely for arranging future government stake sales in public sector banks and listed financial...
- Indian Overseas Bank receives 10 expressions of interests for bad loan saleIndian Overseas Bank (IOB) in Chennai has received up to 10 initial queries from asset reconstruction companies (ARCs) for the sale of Rs 6...
- IOB puts 92 bad loans worth Rs 13,000 crore on the blockThe sale is the Chennai-based bank's attempt to explore other avenues for recovery when cases in the National Company Law Tribunal (NCLT) a...
- IOB to sell 92 NPA accounts having Rs 13,472 cr loan outstandingIndian Overseas Bank to e-auction 92 non-performing loans worth Rs 13,471.68 crore. Loans include consortium arrangements, NCLT cases, sole...
- ARCs vie for ACCIL Corp's Jaipur Hotel debtLast month, Omkara ARC beat competitor Asset Reconstruction Company of India (Arcil) with a ₹38 crore cash offer to Chennai-based Indian Ba...
- Four PSBs may get approval to raise funds in H1 of FY25The four lenders include Punjab National Bank (PNB), which is targeting a follow-on public offer (FPO) by September, and Central Bank of In...
- IOB to sell Rs 457-crore MSME NPAs, eyes 60% recovery"Preference will be given to bids or offers with a higher cash portion...management fee would be 1.5% per annum of net assets value... for ...
- IOB invites bids for Rs 457-crore MSME loansThe bank will give preference to bids offering a higher cash portion. The recovery involves a cash portion of ₹137 crore and an equal sum i...
- IOB-led lenders group puts Sion Panvel Tollways' ₹862-cr bad loan on saleThe debt on sale includes exposures from Bank of Baroda, Canara Bank, Punjab National Bank, State Bank of India, and India Infrastructure F...
- Union Bank, Bank of Baroda may sell Bhushan Steel loan to SSGThe two banks had together put up Rs 2,430 crore in loans for sale. Bhushan Steel is facing bankrupcy proceedings and in the process of fin...
- IOB offloads Bhushan Steel bad loansUnder the deal, the bank will receive 15 per cent of the consideration in cash from SSG Capital.
- Top stocks in focus on Thursday, 10 August 2017Here is a list of top stocks that are likely to be in focus in today's trading session.
- What changed your market while you were sleepingAadhaar may soon become mandatory for buying shares and mutual funds.
- Poor performance in view, Indian Overseas Bank to get half of allocated capitalWhen the finance ministry had announced Rs 22,915 crore capital to 13 banks, it had noted that 25% of this amount will be disbursed based o...
- Gudi Padwa: IOB announces sale of Indian Gold Coin in Mumbai on April 8The IOB on Thursday announced the sale of the Indian Gold Coin across all its branches in Mumbai on April 8 on the occasion of Gudi Padwa.
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