Central Bank of India set for worst day in a year as government launches offer for sale

Central Bank of India

22/05/2026 05:29

** Shares of Central Bank of India CBI.NS fall 6% to 31.88 rupees

** Set for biggest daily pct drop since April 2025

** Government to sell up to 4% stake in lender via Offer for Sale (OFS), with an option to offload additional 4% through greenshoe

** Sets floor price at 31 rupees per share, a discount of 8.6% to Thursday's closing price

** OFS opens for non-retail investors on Friday; retail investors to bid on Monday

** Trading vols at about 20.8 million shares, vs 30-day average of 5.2 million shares

** YTD, stock down ~14.2%

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))