Deals
India Seeks to Sell 10% Coal India Stake Valued at $3.6 Billion
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The Indian government plans to sell a 10 percent stake in Coal India Ltd., making its second divestment this year in the world’s biggest miner of the fuel as part of a federal asset-sale plan.
The sale may fetch about 235 billion rupees ($3.6 billion), based on the closing price of Coal India shares on Wednesday in Mumbai. The government, which holds 78.65 percent in the company, sold a 10 percent stake in January. It announced the latest sale Wednesday night.