The Indian government has appointed Goldman Sachs as the sole transaction advisor for stake sales in UCO Bank, Central Bank of India, Punjab & Sind Bank, and IOB. The Centre plans to dilute up to 5% equity in tranches starting FY26, aligning with banking reforms and SEBI's minimum public shareholding norms. Disinvestment aims to boost efficiency, competitiveness.
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07:58 am on
29 Aug