The offer-for-sale of Coal India Ltd — the first disinvestment exercise in this fiscal — got off to a rousing start on Thursday with the quota of institutional investors subscribed 346 per cent that led to the government exercising its greenshoe option to sell more shares from its holding.
The Centre had offered over 8.31 crore shares to institutional investors on Thursday, and it received bids for 28.76 crore shares or 3.46 times that are worth Rs 6,500 crore at an indicative price ofRs 226.12 a share.
