IOB said the seller has now decided to exercise the oversubscription option for an additional 7.61 crore equity shares, ...
The government has offered to disinvest 2 per cent equity in the bank, with an additional 1 per cent as a green shoe option.
Reports earlier said that the Indian government is planning to allow direct foreign investment in state-run banks of up to 49%, more than double the current limit of 20%.
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