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Coal India stake sale may spill over to next fiscal

Coal India stake sale may spill over to next fiscal

The 10 percent stake sale in Coal India is likely to be deferred to next fiscal as the government wants to wait for stability in the equity markets for a better valuation.

Foreign investors want government to defer CIL stake sale

Foreign investors want government to defer CIL stake sale

Opposing an immediate stake sale in Coal India Ltd, foreign investors have told the Finance Ministry that further disinvestment in the coal miner should be put off as the current market valuation is low.

 

Coal India stake sale: Govt shortlists 5 merchant bankers

Government has shortlisted five Indian merchant bankers, including JM Financial, SBI Capital and ICICI Securities, for managing the over Rs 21,000-crore stake sale in Coal India.

Coal auction: Eight blocks to go under hammer from January 18

Coal auction: Eight blocks to go under hammer from January 18

The government Thursday kick-started the process for the fourth round of e-auctioning of eight coal blocks, which is slated for January 18-22 next year.

Antim Baazi: Exclusive Chat with Piyush Goyal

Check out our exclusive chat with Piyush Goyal in which he talks about Coal India.

Coal India unions oppose 10% stake sale in PSU

Employee unions at Coal India Wednesday opposed the government's decision to sell 10 percent stake in the miner, with one of the trade unions threatening to go on strike against the divestment.

Cabinet approves 10% stake sale in Coal India, IPO for Cochin Shipyard

Cabinet approves 10% stake sale in Coal India, IPO for Cochin Shipyard

The Cabinet Wednesday approved 10 percent stake sale in Coal India and initial public offer of Cochin Shipyard amid growing concerns over meeting Rs 69,500 crore disinvestment target in the current fiscal.

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.

Cabinet approves 10% divestment in Coal India

Cabinet approves 10% divestment in Coal India

 The Union Cabinet on Wednesday approved 10 percent stake sale in Coal India that could fetch up to Rs 20,000 crore to the exchequer.

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.

Coal India stake sale: Trade unions up the ante

Major trade unions of Coal India opposed to any government proposal to 10 percent stake sale in the PSU will soon chalk out a strategy to take their protest forward.

Cabinet may consider Coal India stake sale proposal Wednesday

The Cabinet may consider Wednesday 5-10 percent stake sale in Coal India that could fetch up to Rs 24,800 crore to the exchequer.

Further stake sale in Coal India in due course: Goyal

The government Wednesday said it will go for further stake sale in Coal India in due course to meet the SEBI guidelines on public shareholding.

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.

Trade unions protest against Coal India stake sale

Five trade unions operating in the coal sector on held demonstrations to protest against the Coal India disinvestment.

Fiscal deficit overshoots budget target

Fiscal deficit overshoots budget target

India's fiscal deficit overshot the budget estimate of Rs 5.31 lakh crore by December-end and may prompt the government to take tough steps in the remaining part of 2014-15 to restrict it to 4.1 percent of GDP.

CIL mega share sale sails through; Govt to get Rs 22,600 crore

CIL mega share sale sails through; Govt to get Rs 22,600 crore

This is also the biggest ever share sale by any private or public sector company in India and exceeds the previous record of over Rs 15,000 crore made by CIL itself in 2010.

Coal India shares end over 2% lower on stake sale announcement

After falling 5 percent to Rs 364.60 in intra-day trade at the BSE, shares of CIL finally ended at Rs 375.15, down 2.32 percent from its previous close.

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.