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.

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…

Government is offloading up to 8 per cent of its stake in Central Bank of India at a floor price of ₹31. While bid opened for non-retail investors on Friday, retail investors can…