Indian Government Exercises Full Green‑Shoe Option in Central Bank of India Offer for Sale, 2.35× Subscribed

Deal Summary

The Indian government's Offer for Sale (OFS) of its stake in Central Bank of India was subscribed 2.35 times on day one, prompting the government to exercise the entire green‑shoe option. The move will reduce its holding to about 81.27% and retail investors can bid on May 25, 2026. The transaction is part of the government's FY27 disinvestment target of ₹80,000 crore.