Coal India risks burning investors as govt set to offload 10% stake

Coal India risks burning investors as govt set to offload 10% stake

Photo: Reuters

Fancy a truckload of the world’s biggest coal miner? New Delhi is planning to sell a 10% stake in Coal India Ltd. Such a deal could be worth about Rs19,700 crore ($2.9 billion) at current market prices, and would reduce the government’s share in the company to about 70%.

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