OICHARTS
8 AMThe 8 AM report →
BankingMedium impactPre-market

Government to sell additional 4% stake in Central Bank of India

pre-market1 source ↓written by the desknot a recommendation

now stands
8%
at ₹31.22 each
76.86 crore shares

The Government of India will sell an additional 4% stake in Central Bank of India after the ongoing offer for sale (OFS) was subscribed 2.36 times. The total issue size now stands at 8%, with bids received for 76.86 crore shares at ₹31.22 each, above the floor price of ₹31.

This move indicates strong investor interest and may enhance liquidity in the PSU banking sector. The government opted to exercise the oversubscription option due to robust demand from institutional investors.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 23 May 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

CENTRALBK closed 0.0% on the day of the news, from ₹31.27 to ₹31.27; Nifty +1.3% over the same session.

Bulletin at 07:03 IST on 23 May 2026. Every change is measured from ₹31.27, the last close before it, on 22 May. Nifty 50 is measured over the same sessions.

  • CENTRALBK close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
CENTRALBK closes around the bulletin against the close before the news, with Nifty 50 rebased to it28.5831.3134.04axis spans 19%before the news · 22 May31.27Nifty 50CENTRALBKbulletinD0+1+3+518 May29 May9 JunReference close ₹31.27. 16 sessions from 18 May to 9 Jun; the price axis spans 19 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before22 May₹31.27basebase
On the day25 May₹31.270.0%▲ +1.3%−1.3 pp difference
+1 session26 May₹31.02▼ −0.8%▲ +0.8%−1.6 pp difference
+3 sessions29 May₹30.77▼ −1.6%▼ −0.7%−0.9 pp difference
+5 sessions2 Jun₹29.62▼ −5.3%▼ −1.0%−4.3 pp difference
Gap at the open, % · ₹
▲ +0.1%+0.02 on 25 May
Day's range, % · ₹
0.70%≈ 0.22 high to low
Volume on the day
3.30×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · CENTRALBK on the desk →

Related