The Government of India has announced an Offer for Sale (OFS) in state-run coal mining major Coal India, with the total issue size expected to be around Rs 5,000 crore at the floor price.
According to the details released on Monday, May 26, the President of India acting through the Ministry of Coal will sell up to 6.16 crore equity shares as part of the base offer, representing 1% of Coal India’s outstanding paid-up equity capital.
The floor price for the OFS has been fixed at Rs 412 per share, which is at a discount of nearly 10.1% compared to Coal India’s last closing price of Rs 458.15 on the NSE on May 26, 2026.
The base offer size stands at approximately Rs 2,539 crore. The government also has an oversubscription option to sell an additional 6.16 crore shares, taking the total OFS size to around Rs 5,078 crore if fully exercised. The combined offer would represent up to 2% of Coal India’s outstanding equity share capital.
Additionally, up to 25,000 equity shares may be offered to eligible employees under the OFS guidelines.
Coal India shares are expected to remain in focus in Tuesday’s trading session following the announcement of the discounted OFS.
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