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S&P
BSE SENSEX
73,730.16
-609.28
-0.82 %
Corporate Announcement
Security Code
533278
Company
Coal India Ltd
Exchange Disseminated Time
01/06/2023 16:57:52
Updates on Notice of Offer for Sale of Shares by Promoter |
06/01/23 16:57
The President of India, acting through and represented by the Ministry of Coal, Government of India ("Seller") has informed BSE that :
"we wish to intimate the Stock Exchanges of our intention to exercise the Oversubscription Option after trading hours on T day to the extent of up to 9,24,40,924 equity shares (representing 1.50% of the total issued and paid-up equity share capital of the Company) in addition to 9,24,40,924 equity shares of the Company (representing 1.50% of the total issued and paid-up equity share capital of the Company) forming part of the Base Offer Size. Accordingly, the total Offer size will be 18,48,81,848 equity shares (representing 3.00% of the total paid up equity share capital of the Company as on March 31, 2023). Consequently, 1,84,88,185 equity shares would be reserved for allocation to Retail Investors, subject to receipt of valid bids, as part of the Offer on June 02, 2023.
All capitalised terms not defined in this intimation letter shall have the same meanings as ascribed to them in the Notice filed with the Stock Exchanges."
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