Coal India Ltd.

Morgan Stanley Asia (Singapore) has purchased 1.67 crore shares of state-owned Coal India from DB International Asia at an average of Rs 290.25 valuing the transaction at Rs 485.57 crore.

The Government of India holds 90% stake in the world’s largest coal producer; Foreign Institutional Investors own 5.51% and domestic institutional investors hold 2.34%.

Coal India, which accounts for over 80% of the domestic production, has set an output target of 482 million tonne for the current fiscal.