The department of divestment has undertaken a valuation exercise of Coal India’s (CIL) shares ahead of its proposed initial public offer. The Centre intends to divest 10% in the coal behemoth. Although officials are tight-lipped about the developments, CIL — a 100% government-owned company — has reduced the face value of its existing shares of Rs 1,000 each into 100 shares of Rs 10 each. Read full Report Click Here
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