Coal India shares slide 6% after PSU prices Rs 5,000 crore OFS at 10% discount

May 27, 2026

Coal India shares dropped after the government announced plans to sell up to a 2% stake in the company through an Offer for Sale (OFS). The floor price was set at Rs 412 per share, about 10% lower than the previous NSE closing price of Rs 458.15.

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ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrong

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