Shareholding1 Jun 2026, 05:52 pm
Coal India: Promoter Sells 2% Stake via OFS
AI Summary
The President of India, acting through the Ministry of Coal, Government of India, promoter of Coal India Ltd, sold 123,279,566 equity shares representing 2.00% of the total share capital through an offer for sale (OFS) via the stock exchange mechanism. The OFS included a base offer size and an oversubscription option, along with shares offered to eligible employees. Post-sale, the promoter's holding stands at 3,767,456,372 shares, representing 61.13% of the total share capital.
Key Highlights
- Promoter sold 123,279,566 shares of Coal India, representing 2.00% stake.
- The sale was executed through an Offer For Sale (OFS) mechanism.
- Post-sale, promoter holding in Coal India stands at 61.13%.
- The OFS included a base offer and an oversubscription option.
- Eligible employees were also offered shares as part of the OFS.
Price Impact
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