(a) whether Coal India Limited (CIL) has recently come out with an Initial Public Offer;
(b) if so, the salient features thereof;
(c) whether the shares of CIL were oversubscribed;
(d) If so, the extent thereof ; and
(e) the steps taken/proposed to be taken by the Government to ensure that its control over
CIL remains in tact ?
MINISTER OF THE STATE IN THE MINISTRY OF COAL (SHRI PRATIK PRAKASHBAPU PATIL)
(a): Yes, Sir.
(b): The Government of India through Ministry of Coal divested 10% of its holding of equity
shares of Coal India Limited to public as Initial Public Offer (IPO). An approximate amount
of Rs. 15,200 crore has been raised through the IPO.
(c) & (d): Overall, CIL IPO was over-subscribed over 15.14 times.
(e): Even with 10% disinvestment of its holding of equity shares, Government retains majority
shareholding and control of CIL.