The President of India, acting through the Department of Financial Services, Ministry of Finance, Government of India has informed the Exchange about its intention to exercise over-subscription option for 36,20,56,051 equity shares
CENTRALBK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Government of India, acting through the Department of Financial Services, Ministry of Finance, has decided to exercise the over-subscription option in its Offer for Sale (OFS) of Central Bank of India shares. The base offer of 36,20,56,051 shares (4% stake) will now be supplemented with an additional 36,20,56,051 shares (another 4% stake), taking the total offer size to 72,41,12,102 shares representing 8% of the bank's total paid-up equity capital. The offer opens on May 22, 2026 for non-retail investors and on May 25, 2026 for retail investors, employees, and non-retail investors carrying forward un-allotted bids. About 7.24 crore shares will be available for the retail category, and 75 lakh shares are reserved for employees.
This represents significant selling pressure from the promoter (Government of India) reducing its stake in the bank by up to 8%, which could temporarily weigh on the stock price near term. However, it demonstrates government commitment to disinvestment in PSU banks.