Coal India: 245 rupee price likely

first_img Show Comments ▼ Sunday 24 October 2010 10:35 pm Coal India: 245 rupee price likely Tags: NULL whatsapp KCS-content The Indian government is likely to price state run Coal India’s initial public offering at 245 rupees (£3.51) per share, at the top end of the price range, four sources with direct knowledge of the matter said yesterday. A panel of ministers will finalise the offer price late today, said the sources. Coal India’s IPO, the largest in the country’s history, was subscribed more than 15 times by close on Thursday, with most bids at the top end of the 225 to 245 rupees price range. At this price, India will raise roughly $3.5 bn for the sale of a 10 per cent stake in Coal India, the world’s largest coal miner. Individual investors and Coal India staff will get a five percent discount on the offer price. whatsapp Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Sharelast_img

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