Coal India shares nosedive 5% on govt stake sale plan
The government plans to sell 3% stake in CIL at a floor price of ₹225 per share, a discount of 6.7% to Wednesday’s closing price.
The government plans to sell 3% stake in CIL at a floor price of ₹225 per share, a discount of 6.7% to Wednesday’s closing price.
The private sector lender said it will file its December quarter results by March 14; it is in talks with potential investors including J.C. Flowers and Silver Point Capital for a cash infusion.