India, Oct. 25 -- The government plans to cut its stake in Central Bank of India, UCO Bank, Punjab & Sind Bank and Indian Overseas Bank to 75%, to meet the regulator's 25% minimum public shareholding rule. It will sell through offer for sale (OFS), depending on market conditions, and the banks can also raise money from the market themselves.

1. Central Bank of India Shares of Central Bank of India Ltd. were trading at Rs. 28.83, down 3.93 percent from previous close of Rs. 30.01. The stock opened at Rs. 30.07 and reached an intraday high of Rs. 30.13 and low of Rs. 29.15. The company currently has a market capitalization of Rs. 26,104 crores.

The government holds about 81.19% and needs to sell roughly 6.2 percent. An OFS is open to inst...