Coal India's offer for sale opened to retail investors with non-retail buyers showing robust interest on the first day. The state-owned miner reported subscriptions of 8.14 times from this group amid mixed views on its future.
The offer for sale highlights Coal India's solid financial performance and history of paying consistent dividends. At the same time, investors face questions about long-term coal demand as the world moves toward renewable energy sources.
The government's offer to sell its stake in Central Bank of India attracted strong investor interest. The two-day issue closed on Monday with an overall subscription of 1.28 times.
Imeripotiwa na AI
The Indian government has approved the listing and disinvestment of Mahanadi Coalfields through an initial public offering. This step enables Coal India to dilute up to 25 percent of its stake in the subsidiary. The subsidiary may also raise fresh capital through multiple routes as part of broader public sector reforms.
Investors in SBI Funds Management's recent initial public offering stand to gain 10 to 15 percent when the shares begin trading. The offering drew strong demand, with subscriptions exceeding 41 times on the final day.
Imeripotiwa na AI
Promoters and large shareholders sold shares worth more than ₹24,000 crore in May and June. The activity reflects strong demand from domestic institutional investors. It follows a quieter period earlier in the year.