The government's offer to sell its stake in Central Bank of India attracted strong investor interest. The two-day issue closed on Monday with an overall subscription of 1.28 times.
Institutional investors showed significant participation in the offer for sale. Retail investors also placed bids for shares during the period.
Coal India's offer for sale opened to retail investors with non-retail buyers showing robust interest on the first day. The state-owned miner reported subscriptions of 8.14 times from this group amid mixed views on its future.
Imeripotiwa na AI
SBI Funds Management is set to launch an offer for sale worth ₹11,693 crore. The move will reduce the promoter stake to 88 percent. The asset manager oversees ₹29.46 lakh crore in funds.
Foreign institutional investors have sold Indian shares worth more than Rs 2 lakh crore so far in 2026, marking their third straight month as net sellers amid ongoing geopolitical tensions.
Imeripotiwa na AI
Foreign investors bought Indian financial stocks worth more than 14,000 crore rupees in the second half of June. The purchases marked their highest level in the sector during that period and turned overseas investors into net buyers of Indian equities.