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Govt to sell up to 92.44 lakh shares of Coal India

20 Jun 2023 Evaluate

The government is planning to sell up to 92.44 lakh shares or 0.15 per cent stake in Coal India to its employees at a price of Rs 226.10 a share. The employee OFS (Offer for Sale) shall remain open from June 21, 2023 to June 23, 2023. The employee OFS follows the secondary market share sale in Coal India by the government earlier this month.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.


Peers
Company Name CMP
Coal India 411.85
NMDC 74.30
Ashapura Minechem 503.65
Sandur Manganese 183.15
GMDC 491.85
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