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CIL stake sale News

01 Nov 2018

Govt's 3% share sale in Coal India over-subscribed; to fetch Rs 5,000 crore

The government is selling over 18.62 crore shares or 3 percent in Coal India Ltd (CIL) at a floor price of Rs 266 apiece.

Government stake sale

18 Nov 2015

Govt approves 10% stake sale in Coal India, eyes 20K cr

At current market capitalisation, based on CIL stock price, 10 percent stake sale could fetch about Rs 21,137.71 crore.

20 Oct 2015

CIL stake sale: Foreign bankers wary, deadline extended

It plans to sell 10 per cent stake in the world's largest coal miner, but got virtually no response from foreign merchant bankers over the company purportedly not complying with its own sustainability policy.

Coal India Limited

28 Sep 2015

CIL stake sale: Deadline for merchant bankers extended again

Government has again extended the date by another three weeks for submission of bids by merchant bankers interested in managing the Coal India's (CIL) 10 percent stake sale, which may fetch around Rs 19,600 crore.

Coal India Limited

01 Sep 2015

Govt extends deadline for bids to manage CIL's 10% stake sale

Government has extended the date by three more weeks for submission of bids by merchant bankers interested in managing the 10 percent stake sale in Coal India (CIL), which is likely to fetch about Rs 22,450 crore.

02 Feb 2015

In CIL stake sale LIC bought almost 50% of shares on offer

Country's largest insurer LIC picked up almost half of the shares on offer in the Coal India's Rs 22,558 crore disinvestment, once again coming in to ensure success of a government stake sale.

Coal India Limited

31 Jan 2015

Govt nets Rs 22,557 crore from CIL stake sale; LIC biggest buyer

In the biggest-ever disinvestment, the 10 percent stake sale in Coal India on Friday fetched the government Rs 22,557.3 crore in a bumper sale where state-run LIC alone picked up nearly one-third of the public offer.

30 Jan 2015

CIL down 4% as floor price for stake sale set at a discount

Stocks of Coal India ended nearly 4 percent lower in the wake of the floor, or the minimum offer, price for the company's share sale being set at a discount.

30 Jan 2015

Coal India's base issue size of 5% fully covered

The government`s sale of a 5 percent stake in Coal India Ltd was fully covered by 2.33 p.m. on Friday, data from stock exchanges showed. The offering has a green shoe option, or provision to sell an additional stake of 5 percent.

30 Jan 2015

CIL down 4% as floor price for stake sale set at a discount

The retail category of 12.63 crore shares got bids for over 7.20 lakh shares (0.57 percent). The general category of over 50.53 crore shares were subscribed nearly 0.75 percent.

30 Jan 2015

CIL stake sale begins; shares tank nearly 4% in early trade

The retail category of 12.63 crore shares got bids for over 7.20 lakh shares (0.57 percent). The general category of over 50.53 crore shares were subscribed nearly 0.75 percent.

30 Jan 2015

CIL stake sale today; government eyes Rs 22,600 cr

The floor price was fixed on Thursday at a discount of about 5 percent from the current market price of Coal India (CIL), where the government presently holds nearly 90 percent stake.

Coal India Limited

29 Jan 2015

Coal India divestment on Friday; Govt eyes Rs 22,600 crore

At the floor price, the total 10 percent stake can fetch the government Rs 22,600 crore.

29 Jan 2015

A section of CIL unions oppose stake sale

Nathulal Pandey, president of HMS-affiliated Hind Khadan Mazdoor Federation said the union opposes the government's move in a very strong manner.

Coal India Limited

13 Jan 2015

Timing of CIL stake sale to be decided by FinMin: Coal Secy

The Coal Ministry Tuesday said the timing of stake sale in Coal India Ltd, which may fetch the exchequer about Rs 24,000 crore, will be decided by the Finance Ministry.

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