With reference to the mail dated 24.11.2021 requesting clarification/ confirmation on the news item appeared in the www.business-standard.com dated November 24, 2021 captioned ‘IOB, Central Bank of India surge up to 20% on privatization buzz’. In this regard, Indian Overseas Bank has informed that the company has not received any communication regarding privatization of Bank from DFS/ Government of India and unaware of the reasons for the sudden movement in stock price. It may be due to speculation.
The above information is a part of company’s filings submitted to BSE.