Coal India Ltd IPO-(initial public offer) hit the market

coal india ipo

Coal India Ltd IPO-(initial public offer) is hit the market in the second week of August.The government holds 100 percent of stakes in company and plans to sell 10 percent of its share (631.63 million shares) each Rs.10.The Indian government will raise Rs 12,000 cr from the disinvestment through the IPO.

For more details click Coal India IPO

Coal India Limited(CLI) is wholly own by the Indian government and company was set up in 1956. “The main activities of Coal India involves manufacturing and mining of coal. At present the Coal India has five subsidiaries with the main headquarter in- Kolkata West Bengal”. CLI Produce over 403-MT in FYE Mar 2009 .

‘CIL’ supply around 85% of coal production in India, it is the largest company in the World in coal production. Coal India Limited employs nearly 4 Lakh persons and having a won Community website http://coalindia.org for employees.

Six banks have been short listed for the initial public offer(IPO). The banks include Citibank, Morgan Stanley, DSP Merill Lynch, Kotak Mahindra, Enam Securities and Deutsche Bank.

More update will come later…….

Be Sociable, Share!
Tags: , ,

Stock Market Basics For Beginners

Bad Delivery

Bad Delivery Designation implying that a security doesn't fulfill all of the needs or have all the required endorsements to permit the certificate to be transferred to ...…

How does one buy Shares?

How does one buy Shares? Shares are bought and sold on the stock exchanges ( nse , bse market ) -- the two main ones in India are the NSE ...…

Auction Market

Auction Market An auction  market is a good example of buying and selling of financial instruments (stocks) which happens on the floor of the exchange, such as ...…

Initial Public Offer

Initial Public Offer Initial Public Offer. The initial sale of share by a firm for the public. The commonest reason for a firm to start an IPO is ...…

Mutual Funds

Mutual Funds Why  you need a expert or a financial planner to select the funds & timely review them because even a 3% difference in the Portfolio ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics