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Govt Eyes Rs 2,456 Cr from Central Bank Share Sale
22 May
Summary
- Institutional investors bid over Rs 2,380 crore for Central Bank of India shares.
- Government aims to raise Rs 2,456 crore by selling up to 8% stake.
- Offer For Sale received bids more than two times the shares on offer.
The government's Offer For Sale (OFS) for Central Bank of India shares saw significant interest from institutional investors on Friday, May 22, 2026. Bids exceeded Rs 2,380 crore, oversubscribing the offer more than two times. The government is selling up to an 8% stake, including a 4% greenshoe option, at a floor price of Rs 31 per share, potentially raising Rs 2,456 crore.
This stake sale is the first for the current fiscal year and aims to help the government meet SEBI's minimum public shareholding norm of 25%. The government currently holds 89.27% of the bank's shares. Retail investors will have the opportunity to bid on Monday, May 25, 2026. The floor price is set 8.58% below the stock's previous day's closing price.
