The President of India, acting through the Department of Financial Services, Ministry of Finance, has reduced its shareholding in Central Bank of India to 81.19% following the sale of 73,16,12,102 equity shares via an Offer for Sale (OFS). The transaction, executed on the NSE and BSE between May 22, 2026, and May 25, 2026, was conducted to achieve the minimum public shareholding norms prescribed by SEBI. The total value of the transaction, based on face value, was ₹731.61 crore.

Transaction Details

The OFS was executed in two phases. Non-retail investors participated on May 22, 2026 (T day), while retail investors, employees, and non-retail investors carrying forward un-allotted bids participated on May 25, 2026 (T+1 day). The government exercised the oversubscription option, increasing the total offer size to 8% of the paid-up equity share capital, compared to the base offer size of 4%. The floor price for the offer was set at ₹31 per equity share.

Change in Promoter Holding

The disclosure was made pursuant to Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Prior to the sale, the promoter held 808,03,91,687 equity shares, representing 89.27% of the paid-up capital. Following the disposal, the holding stands at 734,87,79,585 equity shares. The seller reserves the right to withdraw or cancel the offer if sufficient demand is not received, though the sale has now been concluded.

Offer Structure

A minimum of 10% of the offer shares was reserved for retail investors, defined as those placing bids for a total value not exceeding ₹200,000. Additionally, a minimum of 25% was reserved for mutual funds and insurance companies. A separate employee reservation of 75,00,000 equity shares was available for eligible employees. Allocation was made on a price priority basis at multiple clearing prices.

Central Bank of India has informed the stock exchanges of a change in its management, disclosing that Shri Priavrat Sharma has ceased to be a Director of the Bank with effect from the close of business hours on 07th May, 2026. The cessation follows the completion of his tenure as Director.

Regulatory Disclosure

The intimation was made pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed entities to disclose changes in key management personnel to the stock exchanges in a timely manner. The communication, bearing reference number CO:IRD:2026:27:40, was addressed to both the National Stock Exchange of India Limited and BSE Limited.

The key details of the change in management are summarised below:

Compliance and Disclosure

The disclosure was signed by Chandrakant Bhagwat, Company Secretary and Compliance Officer of Central Bank of India, on 07th May, 2026. The Bank has also stated that the above information will be made available on its website at https://centralbank.bank.in/en/investor-relations for public access.