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.
The National Stock Exchange’s Rs 20,000 crore IPO is set to gear up, with a June DRHP filing expected. The offer will be a pure OFS, meaning shares will be sold only by existing eligible shareholders. Investors must have held fully paid-up NSE shares since June 2025 and submit their EOIs by April 27, 2026.
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