Coal India (CIL) is trading lower by over 2% at Rs 257 in otherwise firm market after the company said five central trade unions (CTUs) operating in the company and its subsidiaries have served a strike notice for three days starting September 23.
"Five Central Trade Unions operating in Coal India Limited and its subsidiaries have served strike notice for 3 days with effect from 23rd September’2013 to 25th September’2013 against proposed divestment of 5% of CIL shares and other demands,” CIL said in a regulatory filing.
The company also said that it is understood that All India Coal Workers’ Federation (CITU) has decided to withdraw their 3 days strike in CIL and its subsidiaries commencing from 19th September, 2013 and join other unions for 3 days strike from 23rd September’2013 to 25th September’2013.
The stock opened at Rs 262 and hit a low of Rs 256 on NSE. A combined 336,181 shares change hands on the counter so far on NSE and BSE.
"Five Central Trade Unions operating in Coal India Limited and its subsidiaries have served strike notice for 3 days with effect from 23rd September’2013 to 25th September’2013 against proposed divestment of 5% of CIL shares and other demands,” CIL said in a regulatory filing.
The company also said that it is understood that All India Coal Workers’ Federation (CITU) has decided to withdraw their 3 days strike in CIL and its subsidiaries commencing from 19th September, 2013 and join other unions for 3 days strike from 23rd September’2013 to 25th September’2013.
The stock opened at Rs 262 and hit a low of Rs 256 on NSE. A combined 336,181 shares change hands on the counter so far on NSE and BSE.
