Govt to exercise greenshoe option after Coal India OFS draws Rs 19,000 crore bids on first day
Strong institutional demand prompted the government to exercise the oversubscription option in Coal India’s offer-for-sale. Investors placed bids worth around Rs 19,000 crore on the first day, while the government expanded the issue size to 2% amid continued interest in the dividend-paying PSU stock.
Strong institutional demand prompted the government to exercise the oversubscription option in Coal India’s offer-for-sale. Investors placed bids worth around Rs 19,000 crore on the first day, while the government expanded the issue size to 2% amid continued interest in the dividend-paying PSU stock.
