India to Sell Up to 2% Stake in Coal India via Offer for Sale
Indian Government to Sell Stake in Coal India
The Indian government will sell a stake of up to 2% in Coal India (NSE: COALINDIA) via an offer for sale, according to an exchange filing on Tuesday.
Sale Details
The sale will be conducted through an offer for sale mechanism, where the government offloads part of its existing holdings. This move aligns with India's divestment targets.
Significance for Investors
This offering provides investors an opportunity to acquire shares in Coal India, a global leader in coal production. The exact size and pricing of the sale are yet to be disclosed.
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