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Coal India shares fell after a CNBC-TV18 report said the government may launch a 3-4 percent OFS at a discount to raise about Rs 10000 crore, as part of its divestment plans
Coal India Share Price
Shares of Coal India Limited declined sharply in Thursday’s trade after a media report suggested that the government may launch an offer for sale (OFS) to divest a 3-4 percent stake in the state-run miner, potentially raising around Rs 10,000 crore.
Investor sentiment turned cautious following a CNBC-TV18 report citing unidentified sources familiar with the matter.
Government May Offer Shares At Discount
According to the report, the Centre is expected to offer shares at an attractive discount to the prevailing market price as part of the proposed OFS. The government held a 63.1 percent stake in Coal India as of March 31, 2026.
The report further stated that the stake sale could involve 3-4 percent equity dilution. CNBC-TV18 said it had reached out to both Coal India and the Department of Investment and Public Asset Management (DIPAM) for comments.
The proposed divestment comes as the government continues efforts to monetise holdings in public sector enterprises and meet disinvestment targets.
Institutional And Retail Shareholding In Focus
As per the latest available shareholding pattern, domestic mutual funds owned a 9.5 percent stake in Coal India. State-run insurer Life Insurance Corporation of India held 11.05 percent, while foreign portfolio investors (FPIs) owned 8.38 percent.
Retail participation in the company also remained significant, with around 25.3 lakh shareholders holding authorised share capital of up to Rs 2 lakh collectively owning a 3.82 percent stake.
Coal India Earnings And Dividend
Separately, Coal India recently announced its March quarter and full-year FY26 financial results. The company’s board had met on April 27, 2026, to approve audited standalone and consolidated earnings for the quarter and financial year ended March 31, 2026.
The board also recommended a final dividend of Rs 5.25 per share on equity shares with a face value of Rs 10 each.
Coal India reported an 11.15 percent year-on-year increase in consolidated profit after tax at Rs 10,839 crore for the March quarter, compared with Rs 9,751 crore in the corresponding period last year. Sequentially, net profit rose more than 51 percent from Rs 7,157 crore reported in the December quarter.
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