The Government of India has launched an Offer for Sale (OFS) in Central Bank of India, aiming to raise up to Rs 2,244.8 crore through the stake sale.
The OFS will open for non-retail investors on May 22, while retail investors can bid on May 25. The government, which is part of the bank’s promoter group, has set the floor price at Rs 31 per share, reflecting a discount of around 9.4% to the last closing price of Rs 33.9.
