The Union government is looking to dilute 1.5 per cent of total paid-up equity shares in Coal India (CIL).
An offer for sale for 9,24,40,924 equity shares of face value of Rs 10 representing 1.5 per cent equity stake was announced on Wednesday with an oversubscription option of another 1.5 per cent stake at a floor price of Rs 225 per share.
The OFS will go live on June 1, 2023 for non-retail investors and on June 2, 2023 for retail investors and non-retail investors who choose to carry forward their unallotted bids.
