#floor-price
Govt to offload up to 2% stake in Coal India via OFS on May 27-29; floor price at Rs 412/share
The government will divest up to a 2% stake in Coal India through an offer for sale scheduled across May 27 and May 29. The OFS floor price has been fixed at Rs 412 per share, nearly 10% below Coal India’s Tuesday closing price on the NSE.
Central Bank of India shares tumble as government launches OFS
Central Bank of India shares fell sharply after the government initiated an 8% stake sale through an offer for sale at a floor price of Rs 31. Investors reacted despite the lender reporting strong annual profit growth and healthy expansion in advances.
Central Bank of India OFS: Govt to sell up to 8% stake in lender. Check key details
The Indian government is selling a stake in Central Bank of India. This offer for sale aims to raise over Rs 2,200 crore. The sale opens for institutional investors on May 22 and for retail investors on May 25. The government has set a floor price of Rs 31 pe…