Govt to sell additional 4% stake in Central Bank of India after OFS subscribed 2.36 times; retail bidding opens on Monday

The Indian government is selling more shares of Central Bank of India. Investor demand was strong, leading to an increase in the stake sale from 4% to 8%. This move aims to boost the bank's stock liquidity and meet public shareholding rules. The offer for sale is currently underway, with retail investors having a chance to bid soon.