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Coal India shares slide 6% after PSU prices Rs 5,000 crore OFS at 10% discount
Coal India shares dropped after the government announced plans to sell up to a 2% stake in the company through an Offer for Sale (OFS). The floor price was set at Rs 412 per share, about 10% lower than the previous NSE closing price of Rs 458.15.
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m.economictimes.com
Govt to offload up to 2% stake in Coal India via OFS on May 27-29; floor price at Rs 412/share
The government will divest up to a 2% stake in Coal India through an offer for sale scheduled across May 27 and May 29. The OFS floor price has been fixed at Rs 412 per share,…
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timesofindia.indiatimes.com
Centre to offload up to 2% stake in Coal India through OFS, sets floor price at Rs 412 per share
In a posh to raise around Rs 5,000 crore for the exchequer, the government will sell up to a 2 per cent stake in Coal India through an offer for sale (OFS), with a floor price of…
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thehindubusinessline.com
Coal India, Zee, IMFA, Tata Elxsi, Saatvik, GPT Infraprojects will remain in focus on Wednesday
Key companies like Coal India, Zee, IMFA, Tata Elxsi, Saatvik, and GPT Infraprojects are in focus this Wednesday.
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Why did Coal India's shares fall 6% today with govt planning 2% OFS sale?
Coal India shares drop over 6% as government plans 2% stake sale through an offer-for-sale (OFS) announcement.
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Coal India shares slide 6% after PSU prices Rs 5,000 crore OFS at 10% discount
Coal India shares dropped after the government announced plans to sell up to a 2% stake in the company through an Offer for Sale (OFS). The floor price was set at Rs 412 per…
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Coal India shares drop 6% after OFS launch. Buy the dip or wait? Here’s what technical indicators suggest
Coal India shares fell over 6% after the government announced a Rs 5,000 crore offer for sale at a 10% discount to the previous closing price. Analysts said the stocks near-term…
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Coal India OFS draws strong institutional demand, bids worth Rs 19,000 crore received on Day 1
Institutional investors put in bids worth around Rs 19,000 crore for Coal India shares on the first day of the government's offer for sale (OFS) on Wednesday, PTI reported.
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Coal India’s OFS subscribed over 8 times on Day 1
Coal India’s Offer for Sale saw over 8x subscription on Day 1, prompting the government to activate the green shoe option.
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economictimes.indiatimes.com
Govt to exercise greenshoe option after Coal India OFS draws Rs 19,000 crore bids on first day
Strong institutional demand prompted the government to exercise the oversubscription option in Coal Indias offer-for-sale. Investors placed bids worth around Rs 19,000 crore on…