{"id":581104,"date":"2023-06-01T12:17:41","date_gmt":"2023-06-01T06:47:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=581104"},"modified":"2023-06-01T14:43:26","modified_gmt":"2023-06-01T09:13:26","slug":"coal-india-ofs-today-govt-seeks-to-offload-3-stake-for-rs-4200-cr-share-price-tanks-5-check-10-key-details","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coal-india-ofs-today-govt-seeks-to-offload-3-stake-for-rs-4200-cr-share-price-tanks-5-check-10-key-details\/","title":{"rendered":"Coal India OFS today, govt seeks to offload 3% stake for Rs 4200 cr, share price tanks 5%; check 10 key details"},"content":{"rendered":"<p>Coal India share price tanked 4.8% to Rs 229.55 today ahead of the central government\u2019s bid to divest up to 3% equity stake in the company through offer for sale of shares (OFS). The Centre is likely to raise about Rs 4,200 crore from the sale of the full 3% stake at the base price of Rs 225 per share, which is at a 7% discount to yesterday\u2019s closing price of Rs 241.2.<\/p>\n<p>Here are the top 10 things to know about the Coal India OFS today:<\/p>\n<p>1. The government will offload a 3% equity stake in Coal India, including a green shoe option to further sell an additional 1.5% over the base offer. The size of the OFS is expected to be about Rs 4,200 crore. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coal India share price tanked 4.8% to Rs 229.55 today ahead of the central government\u2019s bid to divest up to 3% equity stake in the company through offer for sale of shares (OFS). The Centre is likely to raise about Rs 4,200 crore from the sale of the full 3% stake at the base price of Rs 225 per share, which is at a 7% discount to yesterday\u2019s closing price of Rs 241.2. Here are the top 10 things to know about the Coal India OFS today: 1. The government will offload a 3% equity stake in Coal India, including [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[198,130,138],"tags":[],"class_list":["post-581104","post","type-post","status-publish","format-standard","hentry","category-coal-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/581104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=581104"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/581104\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=581104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=581104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=581104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}