Coal India share sale over-subscribed, govt to get more than Rs 4,000 crore
时间:2024-06-26 07:57:48 阅读(143)
The Coal India share sale was over-subscribed by both retail and institutional investors and the government is expected to get more than Rs 4,000 crore. In the two-day offer for sale (OFS), the government sold its 18.48 crore shares or 3 per cent stake in Coal India at a floor price of Rs 225 apiece. At the floor price, the stake sale would fetch over Rs 4,000 crore to the exchequer.
Institutional investors had on Thursday put in bids for over 28.76 crore share, while retail buyers on Friday bid for over 2.58 crore shares of Coal India. Institutional bidders on Friday put in bids for 5.12 crore shares.
The stake sale in Coal India will help the government inch towards the Rs 51,000-crore disinvestment target set for the current fiscal.Shares of Coal India settled for the day at Rs 230.90 apiece on the BSE, up 0.15 per cent over its previous closing price.
猜你喜欢
- SEBI bans Shankar Sharma, others from offloading Brightcom Group shares; stock extends losses, falls 5%
- Govt to offload 0
- Sebi cancels registration of Progressive Comtrade in NSEL case
- School students forced to clean toilets in Karnataka’s Shivamogga, 3rd incident this month
- Raise a toast to the New Year with these 10 cocktails
- Rating- buy; Positive outlook for Bharti Airtel
- Govt to launch 2nd version of National Career Service portal in 2024; prod states on labour reforms
- Sebi plans Supreme Court move against tribunal order in co-location matter
- Gold Price Today, 9 March- Gold falls as dollar, treasury yields gain; Negative momentum to persist in gold