Govt extends deadline for bids to manage CIL's 10% stake sale

Last Updated: Tuesday, September 1, 2015, 20:23

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.

In CIL stake sale LIC bought almost 50% of shares on offer

Last Updated: Monday, February 2, 2015, 17:34

Country's largest insurer LIC picked up almost half of the shares on offer in the Coal India's Rs 22,558 crore disinvestment, once again coming in to ensure success of a government stake sale.

Govt nets Rs 22,557 crore from CIL stake sale; LIC biggest buyer

Last Updated: Friday, January 30, 2015, 21:52

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.

CIL down 4% as floor price for stake sale set at a discount

Last Updated: Friday, January 30, 2015, 19:19

Stocks of Coal India ended nearly 4 percent lower in the wake of the floor, or the minimum offer, price for the company's share sale being set at a discount.

Coal India's base issue size of 5% fully covered

Last Updated: Friday, January 30, 2015, 15:22

The government`s sale of a 5 percent stake in Coal India Ltd was fully covered by 2.33 p.m. on Friday, data from stock exchanges showed. The offering has a green shoe option, or provision to sell an additional stake of 5 percent.

CIL down 4% as floor price for stake sale set at a discount

Last Updated: Friday, January 30, 2015, 12:19

The retail category of 12.63 crore shares got bids for over 7.20 lakh shares (0.57 percent). The general category of over 50.53 crore shares were subscribed nearly 0.75 percent.

CIL stake sale begins; shares tank nearly 4% in early trade

Last Updated: Friday, January 30, 2015, 11:26

The retail category of 12.63 crore shares got bids for over 7.20 lakh shares (0.57 percent). The general category of over 50.53 crore shares were subscribed nearly 0.75 percent.

CIL stake sale today; government eyes Rs 22,600 cr

Last Updated: Friday, January 30, 2015, 08:48

The floor price was fixed on Thursday at a discount of about 5 percent from the current market price of Coal India (CIL), where the government presently holds nearly 90 percent stake.

Coal India divestment on Friday; Govt eyes Rs 22,600 crore

Last Updated: Thursday, January 29, 2015, 17:58

At the floor price, the total 10 percent stake can fetch the government Rs 22,600 crore.

A section of CIL unions oppose stake sale

Last Updated: Thursday, January 29, 2015, 15:54

Nathulal Pandey, president of HMS-affiliated Hind Khadan Mazdoor Federation said the union opposes the government's move in a very strong manner.

Timing of CIL stake sale to be decided by FinMin: Coal Secy

Last Updated: Tuesday, January 13, 2015, 17:13

The Coal Ministry Tuesday said the timing of stake sale in Coal India Ltd, which may fetch the exchequer about Rs 24,000 crore, will be decided by the Finance Ministry.

CIL shares end over 2% higher on dividend announcement

Last Updated: Wednesday, January 15, 2014, 14:52

Shares of Coal India Wednesday ended over 2 percent higher after the company declared an interim dividend of Rs 29 per share or a record 290 percent, amounting to Rs 18,317 crore, for 2013-14.