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Coal India Ltd Announces Stake Sale Likely In November Or December - Business Standard


Monday, 28 Oct 2013 04:20am EDT 

Business Standard reported that the government said the 5% stake sale in Coal India Ltd to take place either in November or December. The Minister also said that though the production of CIL has been hit in the current month on account of Cyclone Phailin, however, the Company will achieve its production target (of 482 million tonnes) for the current fiscal. Government currently hold 90% stake in the Company It has already selected seven merchant bankers, including Goldman Sachs, Credit Suisse and SBI Caps, to manage the CIL stake sale which is to take place through the offer for sale route. 

Company Quote

417.15
-6.9 -1.63%
3 Jul 2015