The government will sell up to 2 percent stake in Coal India at a floor price of Rs 412 per share through ‘Offer for Sale’ (OFS) starting from Wednesday. The government exchequer will get about Rs 5,000 crore from the sale of up to 2 percent stake, i.e. about 12.32 crore shares. OFS (Offer for Sale) will open for non-retail investors on May 27 and for retail investors on May 29.
made this big announcement
Government of India announces OFS in Coal India Limited, comprising a base offer of 1 per cent of its equity and a ‘green shoe option’ of additional 1 per cent in case of oversubscription, Arunish Chawla, Secretary, Department of Investment and Public Asset Management (DIPAM), said in a post on X. The floor price has been fixed at Rs 412 per share. On Tuesday, Coal India shares closed at Rs 458.25 on BSE, which is 0.25 percent higher than the previous closing price. The floor price of Rs 412 per share is 10 percent less than the current market price.
Government of India announces OFS in Coal India Limited with a base offer of 1% of its equity and an additional 1% Green Shoe Option in case of oversubscription. Floor price fixed at ₹412 per share. OFS opens for non-retail investors on 27 May 2026 and for retail investors on 29 pic.twitter.com/yhDSdr6LRx
— Secretary, DIPAM (@SecyDIPAM) May 26, 2026
Second OFS will be held
Chawla further said that with strong operational and financial performance, consistent returns and attractive dividends, CIL will continue to offer an excellent long-term investment opportunity. Coal India will be the second OFS of any public sector company in this current financial year. Last week, the government had sold 8.08 per cent stake in Central Bank of India through OFS and raised Rs 2,266 crore. The FY27 Budget is estimated to raise Rs 80,000 crore through disinvestment and asset monetization, more than double the Rs 33,837 crore given in the revised estimates for FY26.
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