Govt to exercise greenshoe option after Coal India OFS draws Rs 19,000 crore bids on first day
Coal India said the government will exercise the oversubscription option in the offer-for-sale amid strong investor interest in the issue. The government will now sell up to 12.32 crore shares, representing 2% of Coal India’s total paid-up equity share capital, according to an exchange filing. Institutional investors on Wednesday lapped up Coal India shares, putting…