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Government sell up to 3% of Coal India; sets floor price at Rs 225 per share

Government sell up to 3% of Coal India; sets floor price at Rs 225 per share

New Delhi: Starting on Thursday, the government would disinvest up to 3% of its holdings in Coal India Ltd through an offer for sale, which is expected to bring in a minimum of Rs 4,158 crore.

This is the first time the government has sold a stake in a PSU this fiscal year.

For the two-day Offer for Sale (OFS), the floor price per share has been set at Rs 225.—Inputs from Agencies

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