Wednesday, 1 January 2014

Coal India rises as Morgan Stanley acquires 1.67 crore shares for Rs 485 crore

Coal India is currently trading at Rs. 292.00, up by 2.00 points or 0.69% from its previous closing of Rs. 290.00 on the BSE.

The scrip opened at Rs. 294.05 and has touched a high and low of Rs. 295.15 and Rs. 291.70 respectively. So far 72565 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 372.10 on 10-Jan-2013 and a 52 week low of Rs. 238.35 on 30-Aug-2013.

Last one week high and low of the scrip stood at Rs. 295.15 and Rs. 280.25 respectively. The current market cap of the company is Rs. 185701.11 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.85% and 2.15% respectively.

Morgan Stanley Asia (Singapore) has purchased 1.67 crore shares of state-owned Coal India from DB International Asia at an average of Rs 290.25 valuing the transaction at Rs 485.57 crore.

The Government of India holds 90% stake in the world’s largest coal producer; Foreign Institutional Investors own 5.51% and domestic institutional investors hold 2.34%.

Coal India, which accounts for over 80% of the domestic production, has set an output target of 482 million tonne for the current fiscal.

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