Govt begins 8% stake divestment process in Central Bank of India

Government on May 22 began its stake sale process through an Offer For Sale (OFS) in the Central Bank of India. Government plans to sell up to 8% stake in the bank. The floor price is ₹31 per equity share. The OFS will open for non-retail investors on May 22, while retail investors and employees can bid on May 25.