Authorities Will get Rs 4,185 Crore By way of 3% Stake Sale In Coal India

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The federal government final week offered three per cent stake in CIL.

New Delhi:

The federal government has mopped up Rs 4,185 crore by way of a 3 per cent stake sale in state-run Coal India.

The holding of the federal government has come right down to 63.13 per cent within the coal producer after the offer-for-sale (OFS), CIL stated in a inventory alternate submitting.

The federal government has acquired Rs 4,185 crore by way of a Three per cent stake sale in state-run Coal India, as per the Division of Funding and Public Asset Administration (DIPAM) web site.

The federal government final week offered three per cent stake in CIL and the problem was oversubscribed by each retail and institutional buyers.

Thus far within the present fiscal, the federal government has mopped up Rs 4,235 crore from PSU stake sale. The complete-year goal from disinvestment has been pegged at Rs 51,000 crore.

(Aside from the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)

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