Govt's initial 5% stake sale in Coal India fully subscribed

January 30, 2015 15:24

The government's initial lot of 5 per cent stake in Coal India today got subscribed much before the close of market hours fetching the government at least Rs 11,300 crore even as bidding for the remaining lot continues on the bourses.

The total issue of 63.16 crore shares got bids for 33.77 crore shares by 1435 hours, representing 53.47 per cent of the shares on offer, as per BSE data. The bidding for the public offer will continue till 1530 hours. The government is selling 31.58 crore shares, or five per cent stake, through a public offer, with an option to sell another 5 per cent.

« Back to LIVE

TOP STORIES

Dharavi, Racecourse Deals Reverberate In Mumbai Polls

Despite Dharavi being located in the Mumbai North Central constituency and Mahalaxmi Racecourse in South Mumbai, the issues have caught the attention of all parties and their candidates.

Maliwal case: Delhi Police may visit CM's house today

Delhi Police may visit the Chief Minister's house on Friday to investigate and record the statements of the policemen and staff present there at the time of the alleged assault on Aam Aadmi Party (AAP) MP Swati Maliwal, sources have said.

How Many Crorepatis In Fifth Phase?

Accoding to data collected by the Association for Democratic Reforms, of the 695 candidates in the fray, 227 are crorepatis.

IPL Play-Offs: SRH Through; CSK Or RCB?

With SRH qualifying with just a point, the CSK vs RCB game has become a knockout match.

Supreme Court: ED can't arrest accused after...

A bench of Justices Abhay S Oka and Ujjal Bhuyan said when an accused appears before a court in pursuance of a summons, the agency will have to apply to the court concerned to get his custody.