India's largest coal producer Coal India (CIL) is set to disinvest 10 per cent of government's stake and offer a share in the company to persons losing land to its projects.
"The government is looking at 10 per cent. These are government shares that are to be disinvested," CIL Chairman Partha Bhattacharya told PTI here.
He said another 5 per cent of the shares would be allocated to CIL employees and persons losing their land for company projects.
Out of the 5 per cent, 3 per cent has been proposed to be given to employees as stock option and 2 per cent to those who have lost their land.
"These are high performing shares. We want to give shares to land losers and make them owners of a share in the company. This would also make the relief and rehabilitation policy stronger," Bhattacharya said on the sidelines of the 97th Indian Science Congress here.
The issue was discussed with the Department of Disinvestment in the finance ministry recently, he said.
