The President of India, acting through and represented by the Department of Financial Services, Ministry of Finance, Government of India, is the promoter of the Bank (the "Promoter" and ....
CENTRALBK · price
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The President of India, acting through the Department of Financial Services, Ministry of Finance, is selling up to 36,20,56,051 equity shares (4% of total paid-up capital) of Central Bank of India through an Offer for Sale (OFS) mechanism on BSE and NSE. There is an oversubscription option to sell an additional 36,20,56,051 shares (another 4%), bringing the total potential sale to 8% of the bank's share capital. Additionally, 75,00,000 shares may be offered to eligible employees. The floor price is set at ₹31 per share with a face value of ₹10. The OFS will take place on May 22, 2026 (T day) for non-Retail Investors and May 25, 2026 (T+1 day) for Retail Investors and Employees. The purpose is to achieve minimum public shareholding as mandated by SEBI regulations. Goldman Sachs (India) Securities Private Limited is acting as the Seller's Broker.
This OFS will reduce the government's promoter stake in Central Bank of India and increase public shareholding to meet regulatory minimum public shareholding requirements. The sale at ₹31 per share with potential 8% dilution may create short-term selling pressure on the stock price, though retail investors get participation opportunity on T+1 day.