Central Bank OFS Sees Strong Demand on Day-1

The Central Bank's Offer for Sale (OFS) was oversubscribed by 2.35 times on its first day, signaling robust investor interest. This comes as the government aims for a lofty disinvestment target of ₹80,000 crore for FY27, significantly higher than the previous year's estimate. The move reflects the government's ongoing efforts to monetize assets and boost revenue.