(a) whether the Government has taken a decision to privatisation of Coal India Ltd. (CIL) very soon;
(b) if so, the details thereof and the reasons therefor;
(c) the time by which the said proposal is likely to be implemented; nd
(d) the amount earned through such privatisation?
MINISTER OF STATE (IC) IN THE MINISTRY OF COAL, POWER AND NEW & RENEWABLE ENERGY (SHRI PIYUSH GOYAL)
(a)&(d):There is no move to privatise Coal India Ltd. (CIL) by the Government. However to comply with SEBI guidelinesof minimum public shareholding of 25% for listed companies, the Government has disinvested 10% paid up equity capital in CIL out of Government of India’s Shareholding of 89.65% through offer for sale (OFS) method on 30.01.2015. At present the Government of India’s Shareholding in CIL is 79.65%