government stake News

Vodafone Idea Shares Surge 19% After Government Boosts Stake to Nearly 49%

Vodafone Idea's shares jumped 19% after the government converted Rs 36,950 crore of dues into equity, increasing its stake to 48.99%. This move aims to stabilize the telecom operat...

Indian Overseas Bank Initiates QIP to Secure Rs 2,000 Crore, Aiming to Reduce Government's Stake

Indian Overseas Bank (IOB) launches a QIP to raise Rs 2,000 crore, aiming to reduce the government's stake and comply with SEBI's MPS mandate. Additionally, the bank plans to issue...

IDBI Bank's Q3 Profits Skyrocket by 31% to Rs 1,908 Crore: A Deep Dive into the Financial Surge

IDBI Bank's Q3 profits soar by 31% to Rs 1,908 crore, driven by reduced provisioning and higher interest income. Improved asset quality and income highlight the bank's financial tu...

Punjab & Sind Bank Aims to Boost Capital with Rs 2,000 Crore QIP This Quarter

Punjab & Sind Bank plans to raise Rs 2,000 crore through QIP, aiming to reduce government stake and improve capital adequacy. With a significant profit jump and reduced bad loans, ...