Coal India OFS: Non-retail portion fully subscribed on day 1, retail investors can subscribe today; how to buy
.jpg)
Coal India OFS Day 2: After getting fully subscribed by institutional investors on day 1, Coal India OFS will open for retail investors on Thursday. The non-retail buyers put in bids for 15.84 crroe share of the 14.89 crore shares on offer on the first day of OFS on Wednesday, according to the NSE data. It amounts to a subscription of 1.06 times the shares reserved for institutional buyers. The sale of 15.84 crore shares amounts to over Rs 4,200 crore at a floor price of Rs 266.
It is the first big sale and an OFS of the government is running fiscal year. Meanwhile, Coal India Limited, a prized PSU, had on Tuesday announced that it will put up for sale up to 9 percent (including green shoe option) of its shareholding as a part of its ambitious divestment plan.
The government had sold 0.225 percent of Coal India stakes by way of placing shares in ‘Bharat 22-ETF’ in the April-June period. At present, the government holds 78.32 percent in Coal India Limited.
Other Latest News
.webp)
Prime Minister Narendra Modi on Monday (local time) held a bilateral meeting with his Italian counterpart, Giorgia Meloni, on the sidelines of the G20 Summit in Brazil. PM Modi stated that their discussions focused on strengthening ties in defence, security, trade, and technology. He remarked, "India-Italy friendship can greatly contribute to a better planet."
.webp)
The Andhra Pradesh government has repealed the two-child norm for candidates contesting local body elections. The state assembly on Monday passed the AP Panchayat Raj (Amendment) Bill, 2024, and the AP Municipal Laws (Amendment) Bill, 2024, effectively removing the decades-old restriction, reported NDTV.
The two-child policy was introduced in May 1994, mandating that candidates seeking election to Gram Panchayats, Mandal Praja Parishads, and Zilla Parishads should not have more than two children.
.webp)
Police have registered a case against four unidentified persons on charges of attempt to murder after NCP (SP) leader and former Maharashtra home minister Anil Deshmukh was seriously injured in stone pelting at his car in Nagpur, officials said on Tuesday.
The incident took place at around 8 pm on Monday and Deshmukh was later admitted to a private hospital in Nagpur.
.webp)
Amid alarmingly high pollution levels in Delhi, Environment Minister Gopal Rai on Tuesday urged the Centre to convene an emergency meeting to tackle the issue and said it is the moral responsibility of Prime Minister Narendra Modi to intervene in the matter.
Addressing a press conference, Rai said the Centre has not acted on the Delhi government's repeated requests to allow artificial rain in the national capital and he will again write to Union Environment Minister Bhupender Yadav.
.webp)
The Enforcement Directorate (ED) has uncovered "direct links" between e-commerce giants Amazon and Flipkart and their preferred sellers, The Economic Times reported on Tuesday. The central probe agency is investigating alleged violations of foreign investment laws by the companies.
According to the report, the ED quizzed the “top” five sellers of both firms and found that many of these sellers are either former employees or relatives of former associates of Amazon and Flipkart.
.webp)
.webp)
.webp)
.webp)
.webp)
