The President of India, acting through the Department of Financial Services, Ministry of Finance, Government of India has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 36,20,56,051 Equity shares of face value of INR 10/- each of Central Bank of India. Date and time of the opening of the offer for Non-Retail Investors: May 22, 2026 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: May 22, 2026 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: May 25, 2026 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: May 25, 2026 at 3:30 p.m. The Sale shall continue to take place on a separate window of the Stock Exchanges commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. The Floor Price for the Offer shall be INR 31/- (Rupees Thirty One Only)
CENTRALBK · price
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On the reaction day the stock moved 7.9 pts less than Nifty Smallcap 250 and 8.5 pts less than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The President of India, acting through the Department of Financial Services, Ministry of Finance, is selling up to 36.2 crore equity shares (4% of paid-up capital) of Central Bank of India at a floor price of INR 31 per share. An oversubscription option allows sale of another 4% (up to 8% total). Non-retail investors can bid on May 22, 2026, while retail investors and employees can bid on May 25, 2026. Goldman Sachs is the designated broker. The offer also includes 7.5 crore shares reserved for eligible employees. The sale is being conducted to achieve minimum public shareholding (MPS) as mandated under SEBI regulations.
This OFS by the government promoter reduces its stake in Central Bank of India, increasing public shareholding to meet regulatory requirements. The INR 31 floor price may offer a discount to attract buyers, with potential near-term pressure on the stock price during the offer window.