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Informist, Tuesday, May 26, 2026

NEW DELHI – The government has raised INR 22.66 billion by selling 8.08% stake in Central Bank of India through an offer for sale, according to the finance ministry's disinvestment department. The government now holds 81.19% share in the bank, still higher than the Securities and Exchange Board of India's minimum public shareholding norm.

According to the SEBI norms, listed companies must have a minimum public shareholding of 25%. Prior to the stake sale, the government held 89.27% stake in Central Bank of India.

Part of the government's stake in Central Bank of India was picked up by the Life Insurance Corp. of India. The state-owned insurance company bought 2.9% stake in the Central Bank of India, taking its total holding in the lender to 6.1%, according to an exchange filing. 

The state-owned bank reported net profit of INR 7.24 billion for the March quarter, down 30% on year. Shares of the lender Tuesday closed 0.8% lower at INR 31.02 on the National Stock Exchange.  End

Reported by Shubham Rana

Edited by Akul Nishant Akhoury

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