Centre To Sell Up To 3% Stake In Coal India, Floor Price Fixed At Rs 225 Per share
NDTV
This will be the first stake sale in a public sector undertaking by the government in the current financial year.
The government will offload up to 3 per cent stake in Coal India Ltd through the offer for sale route starting on Thursday and the disinvestment will fetch at least Rs 4,158 crore for the exchequer.
This will be the first stake sale in a public sector undertaking by the government in the current financial year.
The floor price has been fixed at Rs 225 per share for the two-day Offer for Sale (OFS).
"Offer for sale in CIL opens tomorrow for non-retail investors. Retail investors can bid on Friday. Government will divest 3% equity including a Green Shoe option of 1.5 per cent," Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey said in a tweet on Wednesday.
