Government to sell 8% stake in Central Bank of India via OFS; check floor price, key dates and other details
New Delhi, May 22 -- Central Bank of India share price will be in focus today after the Government of India on Wednesday announced that it will sell 8% stake in the Central Bank of India via an offer for sale (OFS).
The OFS will open for non-retail investors on May 22, 2026, while retail investors and employees can bid on May 25, 2026. The floor price for the issue has been fixed at Rs.31 per equity share, according to the official notice issued by the Department of Investment and Public Asset Management (DIPAM). The floor price is at an over 8.5% discount to the PSU lender's Thursday closing price of Rs.33.94
The government may additionally exercise an oversubscription option to sell more shares depending on investor demand.
"Governme...
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