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

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.

CIL stake sale: Foreign bankers wary, deadline extended

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.

CIL stake sale: Deadline for merchant bankers extended again

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.

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.

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.

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

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.

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.

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

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.

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

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.

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

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.

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

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 divestment on Friday; Govt eyes Rs 22,600 crore

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.

 A section of CIL unions oppose stake sale

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.

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.

CIL shares end over 2% higher on dividend announcement

Shares of Coal India Wednesday ended over 2 percent higher after the company declared an interim dividend of Rs 29 per share or a record 290 percent, amounting to Rs 18,317 crore, for 2013-14.

Coal India, trade unions to meet on Sep 11 on stake sale issue

The government is likely to clear by next week appointment of legal advisors to manage the disinvestment of 5 percent stake in (CIL).

Trade unions tells govt to stop further stake sale in CIL

The government, which originally planned to sell a 10 percent in Coal India, had halved it to 5 percent later in a bid to placate trade unions.

CIL stake sale halved to 5%: Jaiswal

Government has halved to 5 percent the stake it plans to sell in Coal India, following an agreement with unions on Tuesday, Coal Minister Sriprakash Jaiswal said.

Coal Min not in favour of CIL stake sale till issues resolved

Lingering row between CIL and power producers such as NTPC is casting a shadow over 10 percent divestment plans in the coal major as its parent ministry has reservations about stake sale till issues, like Rs 9,000- crore dues owed by electricity utilities, are resolved.

Govt may appoint 6-7 merchant bankers to manage CIL stake sale

The government is mulling appointing six to seven merchant bankers to manage 10 percent stake sale in Coal India (Coal India) which is likely to fetch over Rs 17,000 crore to the exchequer.