Government to Offload Up to 2% Stake in Coal India via OFS at Rs 412 Floor Price

The Central Government has initiated the process of divesting up to 2% of its equity in Coal India Limited through an Offer for Sale, with the Divestment Secretary confirming a floor price of Rs 412 per share. Institutional investors were given access from Wednesday, while the retail investor window opens on Friday, in keeping with standard OFS scheduling designed to maximise price discovery. Although early reports had pegged the stake sale at 1%, government sources have since clarified that the divestment could extend to 2% of the state-owned mining giant. The proceeds will flow directly into the public exchequer, furthering the administration's ongoing disinvestment agenda. The floor price of Rs 412 represents the minimum acceptable bid, and final transaction prices may exceed this threshold subject to investor appetite. Coal India, the world's largest coal-producing company by output and a cornerstone of India's energy security, remains a blue-chip fixture in the government's divestment pipeline. The move is consistent with the broader policy of trimming state ownership in public sector enterprises while retaining strategic control.