Coal India Ltd.

The government is all set to sell up to 3 per cent stake in Coal India through the offer for sale route from June 1, 2023. The Offer for Sale (OFS) will be open for retail and non-retail investors on June 1 and 2, 2023. The proposal is to offload 9.24 crore shares amounting to a stake of 1.5 per cent in the coal producer.

Besides, there will be a green shoe option for selling an equal amount of stake in case of over subscription. 

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.