The President of India, acting through the Ministry of Coal, has completed an Offer for Sale (OFS) of Coal India Limited shares. The transaction involved selling 61,627,283 Equity Shares, representing 1.00% of the total paid-up equity capital. An additional 61,627,283 Equity Shares were available via an oversubscription option. The sale occurred from May 27 to May 29, 2026.
Coal India Limited OFS Transaction Completed
The President of India, through the Ministry of Coal, Government of India, has successfully executed an Offer for Sale (OFS) involving shares of Coal India Limited. This transaction, notified under SEBI Takeover Regulations, saw the promoter divest a portion of its holdings in the company.
Sale Details
The Offer for Sale initially proposed the divestment of up to 61,627,283 Equity Shares of Coal India Limited. This quantity represents 1.00% of the company’s total paid-up equity share capital. Furthermore, the sale included an option for an additional divestment of 61,627,283 Equity Shares, constituting another 1.00%, through an oversubscription option. The transaction period spanned from May 27, 2026 (T day) to May 29, 2026 (T+1 day). A separate offer was made for up to 25,000 Equity Shares to eligible employees of Coal India Limited.
Shareholding Changes
Before the sale, the promoter held 3,890,735,938 shares, representing 63.13% of the total voting capital. Following the sale of 123,279,566 shares, the promoter’s holding has been reduced to 3,767,456,372 shares, equating to 61.13% of the total voting capital.
Transaction Mechanism
The Offer for Sale was conducted through a designated window on the BSE Limited and the National Stock Exchange of India Limited, adhering to the comprehensive guidelines outlined in the SEBI Master Circular and specific circulars issued by the stock exchanges.
Equity Capital Information
As of the sale, the total equity share capital of Coal India Limited stood at 6,162,728,327 shares, with a face value of ₹10/- per equity share.
Source: BSE
