Coal India IPO : To hit market by August

by khalid on 23/03/2010 · 0 comments

The Union Government has decided to disinvest 11% in Coal India (CIL). Of the total, one per cent will be reserved for employees and 10% for retail subscribers. The company management plans to file the draft red herring prospectus (DRHP) with SEBI for its initial public offer (IPO) by June 2010. The IPO is expected to hit the market in August 2010.

India’s largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by August, company chairman Partha S. Bhattacharyya said.

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