close

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

Press Trust of India New Delhi
Coal India likely to auction 30 million tonnes of coal in Jan-Mar quarter

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.

Also Read

CIL coking coal production sees quantum leap of 8MT, rises by 17% in FY23

Sensex slips 347 pts on profit-taking, Nifty holds 18,500; RIL, SBI dip 2%

Coal imports could be cut as CIL output rise to 1 bn tonnes: PM Prasad

Govt clarifies foreign funds can own over 51% stake in IDBI Bank

DIPAM extends last date for submission of EoI for IDBI stake sale

Plutus Wealth acquires MTAR Technologies' shares for Rs 247 crore

Growing beyond years: From 100 to 1.2 mn sellers, Amazon turns 10 in India

Listed companies garner Rs 63,300-crore from equity, debt in April

IndiGo aims to carry 100 million passengers in FY24: CEO Pieter Elbers

Vedanta's Rs 2,632-crore brand fee helps VRL repay part of its debt

(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.)

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

Explore News