Govt set to divest 10 per cent stake in Coal India

Through the OFS, scheduled on January 30, the government expects to earn Rs 24,000 crore

GN Bureau | January 28, 2015



The government is all set to sell 10 per cent of its stake in the state-owned Coal India Limited (CIL)  through an offer for sale route on Friday.

The floor price for the stake sale in the largest coal producer would be announced on Thursday after the market hours.

Based on the current share price, the government expects to earn over Rs 24,000 crore through this.

Under the disinvestment programme of the current government, CIL would be the second company to hit the market.  Earlier in December, the government earned over Rs 1,700 crores through 5 percent stake sale in steel giant SAIL.

The government had set Rs 58,425 crore as the disinvestment target for the current fiscal (2014-15).

Comments

 

Other News

“Privacy is the foundation of what makes life worth living”

Joseph A Cannataci is the UN’s first and current special rapporteur for the right to privacy appointed by the Human Rights Council (HRC) in July 2015. His appointment came with growing global concerns about threats to privacy in the digital age where governments and big corporations collect

Suicide is all set to be decriminalised

Those who attempt suicide will no longer face criminal charges under the Indian Penal Code (IPC), once the Lok Sabha passes the “The Mental Healthcare Bill”. The government has introduced “The Mental Healthcare Bill”,

Challenges with regulation of medical education: Niti Aayog

  There are challenges with the regulation of medical education for Indian Systems of Medicine and Homoeopathy, said a Niti Aayog report.   A Preliminary Report of the Committee on the Reform of the Indian Medicine Central Council Act 1970 and Homoeopathy Cen

In conversation with author Chitra Banerjee Divakaruni

Chitra Banerjee Divakaruni was born in Kolkata and has spent most of her life in Northern California. The two cultures are reflected in her writings. Two of her books, The Mistress of Spices and Sister of My Heart, have been made into a movie and TV serial, respectively. Palac

Five points about UK parliament resolution on Gilgit-Baltistan

  Here are five highlights of the resolution that was passed by the British parliament over Gilgit-Baltistan in Pakistan.   Read: Resolution in British parliament 

Would AAP do well in the Delhi civic elections?

Would AAP do well in the Delhi civic elections?

Video

गोमती रिवर फ्रंट पहुंचे योगी

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter