Further Coal India share sale possible: FinMin official
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Another tranche of share sale in state-run miner Coal India Ltd, the largest coal producer in the world, is "not ruled out", a finance ministry official told CNBC-TV18 television channel on Monday.
Aradhana Johri, divestment secretary at the ministry, did not specify any time-frame for the share sale in the company, which is nearly 80% owned by the government.
The government still needs to sell about just 1% of its stake in Coal India to bring down its holding to 75% in listed state-run companies, as stipulated the market regulator.
In January, New Delhi raised about $3.6 billion by selling a 10% stake in the miner, the largest-ever equity deal in the local market.
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