Sale of 2% Stake in Coal India
The Central Government announced on Tuesday that it intends to sell up to a 2 percent equity stake in the public sector coal-producing giant, Coal India, through an Offer for Sale (OFS). The floor price for the shares has been fixed at ₹412. This represents a 10 percent discount compared to Coal India's closing price of ₹458.25 on the BSE on Tuesday. This Offer for Sale will be available to non-retail investors on the 27th of this month (Wednesday) and to retail investors on the 29th.
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