Further share sale in Coal India possible, says ministry official

Reuters Updated - December 07, 2021 at 02:27 AM.

Sutirtha Bhattacharya, Chairman, CIL (file photo)

Another tranche of share sale in state-run miner Coal India Ltd, the largest coal producer in the world, is "not ruled out", a Finance Ministry official told a television channel on Monday.

Aradhana Johri, Divestment Secretary at the ministry, did not specify any time-frame for the share sale in the company, which is nearly 80 per cent owned by the Government.

The Government still needs to sell about just over per cent of its stake in Coal India to bring down its holding to 75 per cent in listed state-run companies, as stipulated by the market regulator.

In January, New Delhi raised about $3.6 billion by selling a 10 per cent stake in the miner, the largest-ever equity deal in the local market.

Published on April 13, 2015 05:50