In a post on X on Friday, Chawla said the government had decided to exercise the entire greenshoe option following the enthusiastic response from investors.
“Offer for Sale in Central Bank of India received enthusiastic response from investors and was over subscribed 2.35 times on the first day,” he said.
Retail investors and employees will be able to place bids on Monday, May 25.
The government had announced on Thursday that it would divest a 4% stake in Central Bank of India through the OFS, with an additional 4% available under the greenshoe option.
The offer opened for non-retail investors on Friday as part of the Centre’s broader disinvestment programme aimed at reducing its stake in public sector enterprises and improving public shareholding.
Under the greenshoe option, the government can sell additional shares if demand exceeds the base offer size.
(Edited by : Prashant)
First Published: May 22, 2026 6:45 PM IST
