The Indian government plans to sell minority stakes in four public sector banks, including Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank, to comply with SEBI’s rule of 25% public shareholding for listed companies.
Currently, the government holds over 93% in these banks, with the highest being 98.3% in Punjab and Sind Bank. The stakes will likely be sold via an offer for sale, depending on market conditions. SEBI has given government-owned firms an exemption until August 2026.