The Centre announced plans to sell up to a 2% stake in Coal India Limited through an offer for sale from May 27 to May 29. The floor price for the offer has been set at Rs 412 per equity share, a 10% discount from the previous day’s closing price on the National Stock Exchange. The government aims to sell 6.16 crore equity shares, constituting 1% of Coal India’s total paid-up equity capital, with an option to sell an additional 6.16 crore shares.
The offer for sale will be open for non-retail investors on May 27, while retail investors, eligible employees, and others can participate on May 29. The sale will be conducted through a separate window on the BSE and NSE in line with SEBI’s guidelines. Additionally, eligible employees of Coal India may be offered up to 25,000 equity shares, with each employee allowed to bid for shares worth up to Rs 5 lakh.
Coal India reported a net profit of Rs 10,908 crore for the Jan-March quarter of 2025-26, marking a 12% increase from the previous year. The company’s revenue from operations also saw a 6% rise to Rs 46,490 crore during the same quarter. The board of Coal India declared a final dividend of Rs 5.25 per share for the financial year 2025-26.
