$CENTRALBK Key Details of Government Stake Sale

The Government of India has launched an Offer for Sale (OFS) in Central Bank of India to reduce its stake and improve public shareholding in line with SEBI norms. The base offer consists of a 4% stake sale, with an additional 4% greenshoe option, taking the total potential divestment to 8% of the bank’s equity capital. The floor price for the OFS has been fixed at ₹31 per share, which is at a discount to the prevailing market price. The government currently holds around 89.27% stake in the bank, and the OFS could reduce this to nearly 81.27% if the greenshoe option is fully exercised. The issue also includes reservation for employees, while retail investors are eligible for a discount on the final allotment price.