Business News | Coal India to Sell 92.44 Lakh Shares to Employees Through OFS
Get latest articles and stories on Business at LatestLY. The central government will sell 92.44 lakh shares of Coal India, representing 0.15 per cent of the total equity share of the company, to its eligible employees via Offer For Sale route.
New Delhi [India], June 19 (ANI): The central government will sell 92.44 lakh shares of Coal India, representing 0.15 per cent of the total equity share of the company, to its eligible employees via Offer For Sale route, the state-owned company informed stock exchanges on Monday.
The Coal India shares will be offered at Rs 226.10, the stock exchange filing showed.
The OFS for employees shall remain open from June 21, 2023 (10:00 AM) to June 23, 2023 (05:30 PM) - Wednesday-Friday.
Offer for Sale typically means the promoters (owners) selling their shares to raise additional funds for the company.
Also Read | Samsung Galaxy S8's Crypto Key Stolen by Security Researchers via iPhone 13 Pro Max.
At the time of writing this report, the shares of Coal India were trading at Rs 227.25, down 0.6 per cent from Friday's closing. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)