- 01 Feb 1510:40 AMTop six Sensex companies saw a combined erosion of Rs 57,869.85 crore in their market valuation last week, with Coal India taking the biggest hit.The six companies whose valuation declined include TCS, Infosys, SBI, CIL, ICICI Bank and HUL.10:30 AMWith coal production increasing over 6% and offtake at only 3.2% during the year, logistics and coal evacuation comes into core focus for Coal India.12:15 AMState-owned Life Insurance Corporation of India (LIC) has always been the government's go-to investor when it comes to divesting its holdings in public sector undertakings.
- 31 Jan 1512:59 AMThe government on Friday successfully offloaded 10 per cent stake in Coal India to raise around Rs 22,400 crore in India's biggest-ever equity offering.
- 30 Jan 1508:28 PMThe government on Friday successfully offloaded 10% stake in Coal India to raise around Rs 22,400 crore in India’s biggest-ever equity offering.03:41 PMThe government's sale of a 10% stake in Coal India, the largest coal producer in the world, was fully covered by mid-afternoon on Friday, helped by strong demand from portfolio investors, data from stock exchanges showed.02:16 PMThe big ticket disinvestment of up to 10% in Coal India, to raise about Rs 22,600 crore, got subscribed 29.81% in the afternoon trade today.09:20 AMCoal India has slipped over 3% in trade in opening moves to Rs 362 levels on tne Bombay Stock Exchange (BSE), after the government’s offer for sale (OFS) opened for subscription today.09:05 AMAhead of the government’s mega share sale in Coal India via the Offer for Sale (OFS) it has directed the Securities and Exchange Board of India (Sebi) to beef up its surveillance to prevent any manipulation during the divestment.12:58 AMThe government on Thursday set the floor price — the base price at which it intends to sell its 10 per cent stake in Coal India — at Rs 358 a share, a 4.5 per cent discount to the last closing price.12:47 AMThe valuations are reasonable, say observers, and the outlook for most of the fundamentals is looking up, for a variety of reasons.
- 29 Jan 1510:42 PMThe government on Thursday set a floor price, the base at which investors can bid, for the Coal India offer for sale (OFS) at Rs 358 a share, compared with the day’s BSE closing price of Rs 375. Of the 630 million shares on the block, 126 million07:46 PMThe government today fixed Rs 358 a share as the floor price for up to 10% stake sale in Coal India tomorrow, which may help the exchequer garner about Rs 22,600 crore in the biggest sale of shares.05:06 PMOpposing the government's proposed Rs 24,000-crore stake sale in Coal India, trade unions today said they will hold "symbolic demonstration" tomorrow to protest against the disinvestment and also warned of a possible strike at a later stage.12:46 PMTen of the 12 state-owned companies that have raised money through the offer-for-sale (OFS) route in past have seen their stocks underperforming the markets.10:59 AMThe government will sell up to 10% stake in Coal India, the country’s eight-biggest firm in terms of market value on Friday. The share sale is being done through the offer for sale (OFS) route.09:29 AMCoal India has dipped 4% to Rs 369 on National Stock Exchange (NSE) in early morning trade, after the government on Wednesday decided to sell up to 10% stake in the company through offer for sale (OFS) on Friday.09:03 AMShare-sale offers of public-sector companies like Coal India, Oil and Natural Gas Corp (ONGC), Power Finance Corp (PFC) and Rural Electrification Corp (REC) over the next two months suggest the markets might see some correction in the near term.12:58 AMBattling to contain the Centre’s fiscal deficit at the targeted 4.1 per cent of gross domestic product, the government on Wednesday decided to go for the biggest share sale ever by offloading up to 10 per cent stake in Coal India, which will
- 28 Jan 1510:49 PMCoal India’s offer for sale (OFS) on Friday, the biggest so far, will be a good opportunity for retail investors to participate in the equity market.