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 the first day, while the government expanded the issue size to 2% amid continued interest in the dividend-paying PSU stock.

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,…

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…

Key companies like Coal India, Zee, IMFA, Tata Elxsi, Saatvik, and GPT Infraprojects are in focus this Wednesday.

Coal India shares drop over 6% as government plans 2% stake sale through an offer-for-sale (OFS) announcement.