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Coal India shares tumble 3% as govt weighs selling Rs 10000 crore stake via OFS
Business
Published on 7 May 2026
Discounted OFS sale could shake the stock after profits jump
Coal India shares dropped about 3% after a report said the government may sell a 3–4% stake worth roughly Rs 10,000 crore through an OFS. The offering could be priced at a discount to the current market level, adding pressure to the stock even as the company recently posted a strong profit jump.
- Shares fell around 3% on OFS stake-sale speculation
- Govt could offload 3–4% stake worth about Rs 10,000 crore
- Discount pricing to current market could pressure sentiment
- Selloff comes despite a recent surge in Coal India profits
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times