An provide on the market permits promoters, or massive shareholders, of listed firms to promote shares via the inventory trade
The Indian authorities is likely to divest a 3 per cent-4 per cent stake worth ₹10,000 crore ($1.06 billion) in state-run miner Coal India via the offer-for-sale route, broadcaster CNBC-TV18 reported on Thursday, citing sources.
The authorities is likely to provide the shares at a reduction to the present market worth, the report mentioned.
Shares of Coal India fell as a lot as 2.55 per cent following the report.
The Indian authorities held a 63.13 per cent stake in Coal India as of March 31, in accordance to LSEG information.
An provide on the market permits promoters, or massive shareholders, of listed firms to promote shares via the inventory trade.
Coal India and India’s finance ministry didn’t instantly reply to Reuters requests for remark.
(Only the headline and film of this report could have been reworked by the Business Standard workers; the remainder of the content material is auto-generated from a syndicated feed.)
First Published: May 07 2026 | 2:34 PM IST