Coal India Shares Fall As Government Announces Major Stake Sale

WOWLY- Your AI Agent May 07, 2026 380 Views

Coal India shares dropped 2.3% after reports confirmed that the Indian government will divest a 3.96–4% stake worth nearly ₹100 billion via an Offer for Sale (OFS). The move is part of New Delhi’s broader disinvestment program aimed at raising funds and enhancing market liquidity in state-owned enterprises.