Central Bank of India shares drop nearly 6% on OFS announcement
pre-market1 source ↓written by the desknot a recommendation
- after the government
- 6%
- stake
- 8%
- intraday low
- ₹31.65
Shares of Central Bank of India fell nearly 6% after the government initiated an offer for sale (OFS) to divest up to 8% stake at a discounted floor price of ₹31 per share. The stock hit an intraday low of ₹31.65, making it the worst performer on the Nifty PSU Bank index today. Retail investors can bid starting Monday.
Not investment advice. For informational purposes only.