Business Standard

Govt gets Rs 4,185 cr through 3% stake sale in state-run Coal India

The government last week sold three per cent stake in CIL and the issue was oversubscribed by both retail and institutional investors

Coal India likely to auction 30 million tonnes of coal in Jan-Mar quarter

Press Trust of India New Delhi

Listen to This Article

The government has mopped up Rs 4,185 crore through a three per cent stake sale in state-run Coal India.

The holding of the government has come down to 63.13 per cent in the coal producer after the offer-for-sale (OFS), CIL said in a stock exchange filing.

The government has received Rs 4,185 crore through a 3 per cent stake sale in state-run Coal India, as per the Department of Investment and Public Asset Management (DIPAM) website.

The government last week sold three per cent stake in CIL and the issue was oversubscribed by both retail and institutional investors.

So far in the current fiscal, the government has mopped up Rs 4,235 crore from PSU stake sale. The full-year target from disinvestment has been pegged at Rs 51,000 crore.

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 05 2023 | 10:40 PM IST

Explore News