NEW DELHI: The government will sell up to 10 per cent stake in the blue chip Coal India Ltd (CIL) through offer for sale on Friday and is expected to mop up around Rs 24,000 crore at current market price.
“The (CIL share) sale shall…commence on January 30 and shall close on the same date at 3.30 pm,” CIL said a stock exchange filing. The offer will have 20 per cent reservation for retail investors.
The floor price for the stake sale would be announced tomorrow after the close of market hours. (Courtesy: TOI)