Shares of state-owned Coal India Ltd (CIL) fell over 6 per cent in early trade on Wednesday as the government's offer for sale (OFS) of up to a 2 per cent stake opened for subscription for non-retail investors. The OFS for retail investors will open on May 29, 2026. The stock started the trading session at Rs 427.80, a fall of Rs 30.45 or 6.64 per cent from the previous close. However, the stock saw buying at lower levels and gained to touch an intraday high of Rs 448.90, but remained below the closing price of the last trading session. Last seen, the stock was trading at Rs 447.50 with a fall of Rs 10.75 or 2.35 per cent. The market cap of the Maharatna PSU stood at 2,76,059.42 crore.
The sale of up to a 2 per cent stake, or about 12.32 crore shares, at Rs 412 apiece would fetch about Rs 5,000 crore for the exchequer.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
