Economy & Business

    Government sell up to 3% of Coal India; sets floor price at Rs 225 per share

    Nidhi Khurana
    May31/ 2023
    Last Updated:

    New Delhi: Starting on Thursday, the government would disinvest up to 3% of its holdings in Coal India Ltd through an offer for sale, which is expected to bring in a minimum of Rs 4,158 crore.

    This is the first time the government has sold a stake in a PSU this fiscal year.

    For the two-day Offer for Sale (OFS), the floor price per share has been set at Rs 225.—Inputs from Agencies