Government to sell 3% stake in Coal India

New Delhi, Oct 31: The government will launch an offer for sale (OFS) programme on Wednesday to sell a 3% stake in Coal India (CIL) at a floor price of Rs 266 a share, which is expected to fetch about Rs 5,000 crore to the exchequer.
Further, the government will have an option to retain an over-subscription of an additional 6% stake in the company, which will take the total stake on offer to 9%, the PSU major said.