Coal India fell 5% due to news of government stake sale: Plan to raise ₹5000 crore, retail investors will be able to bid on May 29
The central government is selling 2% stake in Coal India through OFS. The sale comprises a base offer of 1% shares and an additional 1% stake sale in case of oversubscription. After this announcement today, on May 27, its shares fell by 5% to Rs 428. However, now there has been a slight recovery and…