Coal India Stake Sale to Net Delhi $3.6bn

New Delhi proposes to offload a 10% stake in state-owned Coal India (CIL), the world’s largest miner of the fuel, stated Power and Coal Minister Piyush Goyal. The government owns 89.65% of CIL and a stake sale is expected to raise over $3.6bn(2.7bn, 2.2bn) on current equity value. Coal India’s stock finished 1.09% higher in Mumbai on 14 August. Meanwhile, India’s main stock index, the S&P BSE …
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