The government on Wednesday announced plans to sell up to 31.57 crore shares (10 percent equity) in Coal India.

It plans to divest 5 percent stake in the company via share sale and the remaining 5 percent through the green-shoe option. The OFS will open on January 30.

The government will declare floor price for Coal India OFS on January 29. A ministerial panel will meet tomorrow for the same and also to decide on retail discount to be offered.