With reference to the earlier announcement dated May 21, 2026 regarding Notice of Offer for Sale of Shares by Promoter, The President of India, acting through and represented by the Department ....
CENTRALBK · price
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The President of India, acting through the Department of Financial Services, Ministry of Finance, is selling up to 72,41,12,102 equity shares (8% of total paid-up equity share capital) of Central Bank of India through the stock exchange mechanism. The Base Offer is 36,20,56,051 shares (4%), with an oversubscription option for another 36,20,56,051 shares (4%). The sale opened on May 22, 2026 (T day) for non-retail investors and on May 25, 2026 (T+1 day) for retail investors, employees, and non-retail investors carrying forward un-allotted bids. Retail investors get 10% of the offer (7,24,11,212 shares) and employees get 75,00,000 shares (approximately 0.1%).
This represents a significant stake reduction by the Government of India as promoter, reducing its holding from the current level. For retail shareholders, this OFS provides an opportunity to acquire shares, though the typical OFS mechanism may involve pricing at a discount to market price.