Corporate News Details
Coal India Ltd engaged large fund managers for its upcoming IPO expected to hit the market within a year.
However, it is said that according to the fund managers, this would be one of the largest issue in the Indian stock exchange.
Moreover, CIL has emphasized the need for issuing preferential shares to the land-losers and has also planned to offer stock options to its over 4 lakh employees apart from considering a proposal to issue shares to its former employees.
On the other hand, the company which had received Navratna status last year was scheduled to get listed in the bourses within a 3 year period.
Further, it is said that coal import was increasing by 20% annually as the import of coal was required as CIL could not meet the entire demand supply gap of coal
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