New Delhi (19.06.2023): The central government will sell 92.44 lakh shares of Coal India Limited (CIL), representing 0.15 percent of the total equity share of the company, to its eligible employees via Offer For Sale route. CIL informed stock exchanges today.The Coal India shares will be offered at Rs 226.10, the stock exchange filing showed. The OFS for employees shall remain open from June 21, 2023 (10:00 AM) to June 23, 2023 (05:30 PM) - Wednesday-Friday. Offer for Sale typically means the promoters (owners) selling their shares to raise additional funds for the company.
CIL to sell 92.44 lakh shares to employees through OFS
By IndianMandarins - 2023-06-19 16:23:00
New Delhi (19.06.2023): The central government will sell 92.44 lakh shares of Coal India Limited (CIL), representing 0.15 percent of the total equity share of the company, to its eligible employees via Offer For Sale route. CIL informed stock exchanges today.
The Coal India shares will be offered at Rs 226.10, the stock exchange filing showed. The OFS for employees shall remain open from June 21, 2023 (10:00 AM) to June 23, 2023 (05:30 PM) - Wednesday-Friday. Offer for Sale typically means the promoters (owners) selling their shares to raise additional funds for the company.
