Coal India Ltd. (CIL) shares plunged nearly 6.5% in early trade on May 27 after the Government of India announced an Offer for Sale (OFS) to divest up to a 2% stake in the Maharatna PSU. The OFS, priced at a floor rate of ₹412 per share, around 10% lower than the prevailing market price, aims to raise nearly ₹5,000 crore for the exchequer. While the move triggered short-term selling pressure on the stock, the government highlighted Coal India’s strong operational performance, stable financials, and attractive dividend profile as key positives for long-term investors. The OFS will open for institutional investors on May 27 and retail investors on May 29.
