Centre gets Rs 41.85 billion from Coal India stake sale

The government has mopped up Rs 41.85 billion through the sale of a 3 per cent stake in Coal India. After the offer-for-sale (OFS), Centre’s holding has come down to 63.13 per cent in the firm. The issue was oversubscribed by both retail and institutional investors. The target for disinvestments in 2023-24 has been pegged at Rs 510 billion.