Cabinet may consider Coal India stake sale proposal

A report says that the government holds 79.65% stake in Coal India (CIL). Coal India stake sale proposal may be placed before the Cabinet, headed by Prime Minister Narendra Modi.

The Cabinet may consider 5-10% stake sale in Coal India that could fetch up to Rs. 24,800 crore to the exchequer, according to reports.

A report says that the government holds 79.65% stake in Coal India (CIL).

Coal India stake sale proposal may be placed before the Cabinet, headed by Prime Minister Narendra Modi.

The government has set a target of Rs 69,500 crore to be garnered through PSU stake sale.