India sells Coal_India stake
Analysis based on 6 articles · First reported May 26, 2026 · Last updated May 27, 2026
The market is impacted by the India — India>>>'s decision to sell a stake in Coal India>>>, as it provides a significant investment opportunity at a discounted price. This move is part of the government's broader disinvestment program, which aims to raise substantial revenue for the fiscal year.
The India — India>>> is conducting an Offer for Sale (OFS) to divest up to a 2% stake in state-run Coal India>>>. The sale, which includes a base offer of 1% and an additional 1% green shoe option, is expected to raise approximately 5,000 crore rupees for the exchequer. The floor price for the shares has been fixed at 412 rupees apiece, representing about a 10% discount to Coal India>>>'s closing market price on May 26, 2026. The OFS will open for non-retail investors on May 27 and for retail investors on May 29. This is the second OFS by the government in the current fiscal year, following a stake sale in Iraq — Central Bank of Iraq>>>. The move is part of the government's strategy to achieve its disinvestment target of 80,000 crore rupees for FY27.
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