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BSE:IOB 18 December 2025

Indian Overseas Bank OFS Today: Govt Exercises Green Shoe Option as IOB Shares Slide; Retail Bidding Opens at ₹34 Floor

Indian Overseas Bank OFS Today: Govt Exercises Green Shoe Option as IOB Shares Slide; Retail Bidding Opens at ₹34 Floor

Indian Overseas Bank expanded its offer for sale on December 18, 2025, adding 7.61 crore shares through a partial green shoe option, bringing the total to 46.12 crore shares. The stock traded near the ₹34 floor price, down 0.64% on BSE. The government, holding 94.61% of IOB, is selling shares over two days, with retail bidding open Thursday.
18 December 2025
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Stock Market Today

  • Magna International (TSX:MG) Valuation Seen Undervalued Amid Mixed Recent Share Movements
    April 15, 2026, 10:54 PM EDT. Magna International (TSX:MG) shares fell 2.62% to CA$77.56 recently, after a strong 81.42% total return over 12 months. The stock trades about 35% below estimated intrinsic value, with fair value estimated at CA$89.42, implying undervaluation. This outlook factors in improved free cash flow due to reduced capital expenditure following battery enclosure assembly investments. Analysts highlight margin recovery, steady cash generation, and disciplined cost control as drivers. However, softer vehicle production and foreign exchange risks could pressure revenue and margins. Investor sentiment remains divided, prompting calls for a careful review of risks and opportunities to assess if current prices reflect growth potential or discount future challenges.

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Norse Atlantic Airways has canceled all planned summer flights from Los Angeles to London Gatwick, Paris, and Rome, citing surging jet fuel costs. The airline launched a $110 million rights issue, secured a $70 million bridge loan, and withdrew its 2026 outlook. Routes disappeared from booking systems on April 14. Norse had been the only scheduled operator on the Gatwick-Los Angeles route.
S&P 500 Hits Record High as Iran Deal Hopes, Bank Earnings Lift Wall Street

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