The government has successfully completed the OFS (offer for sale) for Coal India of 10% of share capital successfully. The price realised is marginally higher than the floor price of Rs 358 and the total sale would fetch the government Rs 22,600 crs. This makes this sale/divestment the biggest ever and beats the earlier best […]
Posts Tagged ‘Coal India’
Good week for shareholders, governance
April 9th, 2012
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It all began as a small issue of a minority shareholder fighting to protect its interests in a company but suddenly it has attracted national interest, hogging headlines in the press. Coal India Ltd (CIL) and corporate governance have been on a head-on collision course. The issue of fuel supply agreement (FSA) and penalties on […]
Coal India IPO Listing day: Diwali gift to shareholders
November 5th, 2010
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Stock gains 40% at close Coal India Limited had a stunning debut on the bourses yesterday. The company had a listing ceremony at the BSE and made its debut with an opening price of Rs 287.75, a gain of Rs 42.75 or 17.44%. The opening price on the NSE was Rs 291. The high of […]
