October 21, 2010
October 13, 2010
CIL India's largest IPO priced at Rs. 225 - 245
The coal minister, Mr.Sriprakash Jaiswal said yesterday "Coal India IPO price has been fixed at Rs.225 - 245 a share. We expect to raise over Rs.15,000 crore from the issue".
The largest IPO so far has been that of Reliance Power's IPO in January 2008 when the Reliance ADAG company raised Rs.11,500 crore from capital markets.
Coal India Limited Company, is a thermal power generation company promoted by the government of India. The Indian government is divesting 10% stake in CIL through IPO.
The world's largest coal producer and coal reserve holder (63 billion tonnes) CIL will be listed on the domestic bourses by Nov 4.
The largest IPO so far has been that of Reliance Power's IPO in January 2008 when the Reliance ADAG company raised Rs.11,500 crore from capital markets.
Coal India Limited Company, is a thermal power generation company promoted by the government of India. The Indian government is divesting 10% stake in CIL through IPO.
The world's largest coal producer and coal reserve holder (63 billion tonnes) CIL will be listed on the domestic bourses by Nov 4.
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