Click it and Unblock the Notifications
Shares in Coal India slumped 4 per cent ahead of the government's stake sale in the company. The stock was last trading at Rs 368, a drop of 4 per cent.
The government will sell up to 10 per cent stake in Coal India Ltd through offer for sale on Friday and is expected to mop up around Rs 24,000 crore at current market price.
"The (CIL share) sale shall...commence on January 30 and shall close on the same date at 3.30 pm," Coal India said in a stock exchange filing. The offer will have 20 per cent reservation for retail investors.
The floor price for the stake sale would be announced today after the close of market hours. Coal India would be second company to hit the markets under the government's disinvestment programme. In December, government sold 5 per cent stake in SAIL to garner over Rs 1,700 crore.
For the current fiscal, the government has budgeted to raise Rs 43,425 crore through disinvestment in PSUs.
With inputs from PTI
More From GoodReturns
New PAN Card Rules From April 1, 2026: How To Apply For New PAN Card Via Protean, E-Filing Portal?
LPG Gas Cylinder Prices Hiked Again From April 1; 19 KG LPG Gets Costlier By Rs 218; 14.2 KG LPG Unchanged
Gold Rate in India Rises Over Rs 37,000/24K in Three Days; Will Jump in Gold Price Today Continue on 31 March?
Gold Rate in India Rebounds After Falling Nearly Rs 40,000 In a Day; Will Gold Price Today Jump or Drop?
Gold Price Today Declines After 3-Day Surge; Check Latest 22K, 24K, 18K Gold & Silver Rates in Delhi on 2April
Bank Holiday In April 2026: Banks To Be Closed For 14 Days; Good Friday, Baisakhi To Akshaya Tritiya
Hyderabad Gold Rates Today Crash By Rs 40,000 After 6 Days, Silver Rate Falls By Rs 10,000: 24K, 22K, 18k Gold
Bank Holiday Today, Tomorrow & More: Banks Are Closed On March 31, April 1, April 2, April 3; Here's Why
Gold Price in India Rallies Rs 47400/100 Gm in 5 Days Amid Rupee Fall, Iran-US War, Silver Shines | March 31
Stock Market Holidays In April 2026: Why Trading On BSE, NSE Will Be Closed For Ten Days? Check Reason
NSE IPO 2026: OFS Window Opens, April 27 Deadline Key for Shareholders; Check Eligibility, Lock-in Rules
Sign in with Google