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Coal India OFS floor price at Rs 358/sh; at 4.5% discount

The government on Thursday set the floor price of Coal India at Rs 358/share for an offer for sale (OFS) in which it plans to sell 5 percent stake in the firm.

The News International Team

The government on Thursday set the floor price of Coal India  at Rs 358/share for an offer for sale (OFS) in which it plans to sell 5 percent stake in the firm.

The share closed at Rs 374 today, implying a 4.5 percent discount from the last closing price.

The government added that it may sell another 5 percent in the issue via the greenshoe option. A greenshoe option endows the issuer with an option of selling additional stake in case there is enough demand.

A 5 percent stake sale would fetch the government close to Rs 11,300 crore.

Coal India stock price

On January 29, 2015, Coal India closed at Rs 375.15, down Rs 8.9, or 2.32 percent. The 52-week high of the share was Rs 423.85 and the 52-week low was Rs 240.50.


The company’s trailing 12-month (TTM) EPS was at Rs 21.06 per share as per the quarter ended September 2014. The stock’s price-to-earnings (P/E) ratio was 17.81. The latest book value of the company is Rs 26.04 per share. At current value, the price-to-book value of the company is 14.41.

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