The President of India, acting through and represented by the Ministry of Coal, Government of India, is the promoter of Coal India Ltd. The Promoter (the "Seller") proposes to sell up to ....
COALINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The President of India (acting through Ministry of Coal) is selling up to 61.6 million equity shares (1% of paid-up capital) via an Offer for Sale (OFS) on May 27, 2026 (T-day for non-retail) with an oversubscription option for another 1% (up to 61.6 million additional shares). The floor price is ₹412 per share. The offer spans two trading days—May 27 for non-retail investors only, and May 29 for retail investors and employees. Up to 25,000 shares are reserved for eligible employees. The sale is conducted through designated brokers (Axis Capital, ICICI Securities, JM Financial, Kotak Securities, SBICAP Securities) on BSE and NSE. The promoter currently holds majority stake as the government of India.
Promoter stake will reduce by up to 2% following this OFS, indicating ongoing government divestment from Coal India. This is a regular OFS mechanism and is typically not negative per se, but may put slight downward pressure on stock price around the offer date due to increased supply.