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Coal India stake sale in offing: Govt may sell 5-10% equity in CIL, Hindustan Zinc, other PSUs via OFS
26-Nov-2022
India plans to sell small stakes in state-run firms including the world’s biggest coal miner Coal India Ltd and Asia’s largest zinc producer Hindustan Zinc Ltd, to ride a stock market boom and boost revenue in the final quarter of the financial year, according to people familiar with the matter. The government is looking to sell 5%-10% in Coal India Ltd., Hindustan Zinc Ltd., Rashtriya Chemicals and Fertilizers Ltd. via the so-called offer-for-sale mechanism, the people said, asking not to be identified as the details aren’t yet public. In all, five firms could be chosen, including a listed entity under the railway ministry, they added.
News Source:- https://www.financialexpress.com/industry/coal-india-stake-sale-in-offing-govt-may-sell-5-10-equity-in-cil-hindustan-zinc-other-psus-via-ofs/2891802/
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