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IOB Plans ₹5,000 Crore Share Sale, Punjab & Sind Bank & Central Bank Eye Government Stake Dilution

IOB Plans ₹5,000 Crore Share Sale, Punjab & Sind Bank & Central Bank Eye Government Stake Dilution
Photo: Free Press Journal · view original

Mumbai: Three public sector banks - Indian Overseas Bank (IOB), Punjab & Sind Bank and Central Bank of India - are preparing to raise fresh equity capital to reduce government ownership and comply with the Securities and Exchange Board of India's (Sebi) minimum public shareholding requirements, a...

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