Coal India is currently trading at Rs. 300.15, down by 9.85 points or 3.18% from its previous closing of Rs. 310.00 on the BSE.
The scrip opened at Rs. 308.00 and has touched a high and low of Rs. 308.00 and Rs. 298.50 respectively. So far 169140 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 374.05 on 03-Dec-2012 and a 52 week low of Rs. 238.35 on 30-Aug-2013.
Last one week high and low of the scrip stood at Rs. 314.85 and Rs. 293.10 respectively. The current market cap of the company is Rs. 189017.20 crore.
The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.85% and 2.15% respectively.
Government of India is planning to sell more than 315 million shares or 5% stake of Coal India through an offer for sale (OFS) route. The OFS is likely to hit the market by the second week of December. In this regard, the government has reportedly selected seven merchant bankers for the stake sale -- Goldman Sachs, Credit Suisse, Deutsche Bank, SBI Capital Markets, Kotak Mahindra Capital, JM Financial and Merrill Lynch.
The shares will be allotted to Coal India employees at a 5% discount to the lowest cut-off price. A maximum of 10% of the offer will be kept for employees. Currently, Government holding in the company stood at 90.00%, while institutions and non-institutions held 7.85% and 2.15% stake in the company, respectively
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
Source:-berkeleygains
The scrip opened at Rs. 308.00 and has touched a high and low of Rs. 308.00 and Rs. 298.50 respectively. So far 169140 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 374.05 on 03-Dec-2012 and a 52 week low of Rs. 238.35 on 30-Aug-2013.
Last one week high and low of the scrip stood at Rs. 314.85 and Rs. 293.10 respectively. The current market cap of the company is Rs. 189017.20 crore.
The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.85% and 2.15% respectively.
Government of India is planning to sell more than 315 million shares or 5% stake of Coal India through an offer for sale (OFS) route. The OFS is likely to hit the market by the second week of December. In this regard, the government has reportedly selected seven merchant bankers for the stake sale -- Goldman Sachs, Credit Suisse, Deutsche Bank, SBI Capital Markets, Kotak Mahindra Capital, JM Financial and Merrill Lynch.
The shares will be allotted to Coal India employees at a 5% discount to the lowest cut-off price. A maximum of 10% of the offer will be kept for employees. Currently, Government holding in the company stood at 90.00%, while institutions and non-institutions held 7.85% and 2.15% stake in the company, respectively
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
Source:-berkeleygains