{"id":581384,"date":"2023-06-02T11:30:34","date_gmt":"2023-06-02T06:00:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=581384"},"modified":"2023-06-02T11:30:34","modified_gmt":"2023-06-02T06:00:34","slug":"institutions-lap-up-cil-shares-worth-rs-6500-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/institutions-lap-up-cil-shares-worth-rs-6500-crore\/","title":{"rendered":"Institutions lap up CIL shares worth Rs 6,500 crore"},"content":{"rendered":"<p>NEW DELHI: Institutional investors lapped up Coal India shares in this fiscal year\u2019s maiden stake sale by the government, with Rs 6,500-crore bids pouring in on the first day of its offer-for-sale (OFS).<\/p>\n<p>The government had offered over 8. 3 crore shares to institutional investors on Thursday, but received bids for 28. 8 crore shares or 3. 5 times. At a price of Rs 226 a share, the bids are worth Rs 6,500 crore. \u201cThe government has decided to exercise the green shoe option (of 1. 5%). Retail investors get to bidon Friday,\u201d department of investment and public asset management secretary Tuhin Kanta Pandey tweeted. The government currently holds about 66% in Coal India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Institutional investors lapped up Coal India shares in this fiscal year\u2019s maiden stake sale by the government, with Rs 6,500-crore bids pouring in on the first day of its offer-for-sale (OFS). The government had offered over 8. 3 crore shares to institutional investors on Thursday, but received bids for 28. 8 crore shares or 3. 5 times. At a price of Rs 226 a share, the bids are worth Rs 6,500 crore. \u201cThe government has decided to exercise the green shoe option (of 1. 5%). Retail investors get to bidon Friday,\u201d department of investment and public asset management [&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":[222,130,137],"tags":[],"class_list":["post-581384","post","type-post","status-publish","format-standard","hentry","category-coal-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/581384","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=581384"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/581384\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=581384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=581384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=581384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}